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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,900,000
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
Beautifully built-out office strata unit available for sale at 540 Lawrence Avenue, in the heart of downtown Kelowna. Designed by Hatch Interior Design and fully built out with high-end finishes, unit 401, occupying the entire 4th floor, offers approx.2,685 square feet of AAA class office space and improvements including welcoming reception area, sound proof glass office partitions, feature kitchen & boardroom, private patios with spectacular views on both sides of the unit (north and south facing), and two in-suite washrooms. The unit has 6 private offices all along perimeter windows and 3 of the offices have direct patio access, an open workspace to accommodate 6 desks, a spacious kitchen/lounge and boardroom area with walk-up and elevator access opening directly into the unit. This space is a must see! (id:39198)
Location
Province
British Columbia
City
Kelowna
Address
#401 540 Lawrence Avenue
Postal Code
V1Y6L7
Location Highlights
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Listed by
Venture Realty Corp. 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
$1,900,000
Asking Price
$1,900,000
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)
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
N/A
Market Competition
N/A
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