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Office Building For Sale at 302 4388 BERESFORD STREET in Burnaby, British Columbia

4 Sale ID #162315
Updated 04 May 2024

Asking Price

$1,170,000

Cap Rate help 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

This 867 sq.ft. office is a LEED Silver strata office, at Intracorp's Silver. Located one block from Metrotown Skytrain station and across the street from Metropolis at Metrotown. Centrally situated in Burnaby, BC and easily accessible from all areas of the Lower Mainland. The building features on-site retail and numerous amenities including shops, restaurants, and services are located in the immediate area. Unit features full air conditioning, lots of windows that provide an abundance of natural light and an expansive view. Has to be bought with unit 303, together 1817, newly renovated and tenanted. 2 Parkings in total. (id:39198)

  • MLS® : #C8054447
  • Date Listed : 22 Sep 2023

Location

Province

British Columbia

City

Burnaby

Address

302 4388 Beresford Street

Postal Code

V5H0E7

Location Highlights

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Listed by

RE/MAX Westcoast British Columbia listing

Category

office-buildings

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

867

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help 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

$1,170,000

Asking Price

$1,170,000

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

867

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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