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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,620,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Welcome to this exceptional ocean view office building located on Front Street, right in the Business hub of downtown Nanaimo. With over 12,000 SF spread across 3.5 floors, this historic building has long been favored by law firms and professionals for its close proximity to the Provincial Court, Service Canada, Transport Canada, and other institutions. The building offers a versatile layout with a well designed interior featuring open and enclosed office areas, boardrooms for collaborative meetings and ample reception and storage spaces. The property benefits from the ongoing development and revitalization of the area and its location a short walk to the seawall providing access to the picturesque waterfront. The back offices offer breathtaking views of the serene coastal scenery, creating a truly inspiring and captivating work environment. Join the ranks of successful organizations that have chosen this location for its unparalleled convenience and close proximity to key institutions. (id:39198)
Location
Province
British Columbia
City
Nanaimo
Address
30 Front St
Postal Code
V9R5H7
Location Highlights
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Listed by
Sutton Group-West Coast Realty British Columbia listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$1,620,000
Asking Price
$1,620,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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