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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$688,000
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
Entrepreneurs, accountants, lawyers, financial planners, or other small business owners, WHY RENT when you can own this spacious. well planned office condominium at west end of Calgary's downtown. Unit #400 offers reception area, comfortable waiting room, five offices with windows, two additional rooms suitable for temp or part time help, board room, coffee area, and copy – fax – utility space. Westmount Place has been one of the most prominent mixed-use buildings in the core. Being located at the west end of the 7th avenue free transit, and with ample parking near Westmount Place is easily accessible from all quarters of the city. (id:39198)
Location
Province
Alberta
City
Calgary
Address
400 1100 8 Avenue Sw
Postal Code
T2P3T8
Location Highlights
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Listed by
RE/MAX REAL ESTATE (CENTRAL) Alberta 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
2,149
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
$688,000
Asking Price
$688,000
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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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)
2,149
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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Why this Marketplace was Created
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