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Office Building For Sale at 402 Maple Avenue SE in Medicine Hat, Alberta

4 Sale ID #148098
Updated 05 May 2024

Asking Price

$949,000

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

Attention Doctors and Health Care Professionals! Professionally developed clinic space, all set up and ready to start your business immediately, and a Pharmacy right next door! This stand alone building features plenty of easily accessible parking and located on a main artery of the city and bus route. The Clinic is ready with 5 exam rooms, 3 offices, large waiting room, built in reception desk with secured work area and barrier free entrance. Open plan includes vaulted ceilings and ceramic tile throughout the main areas for easy maintenance. Potential equipment purchase available. Building was originally built to expand onto the graveled area in front. (id:39198)

  • MLS® : #A2075302
  • Date Listed : 21 Aug 2023

Location

Province

Alberta

City

Medicine Hat

Address

402 Maple Avenue Se

Postal Code

T1A0L3

Location Highlights

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Listed by

RE/MAX MEDALTA REAL ESTATE Alberta 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

3,737

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

N/A

Financial Information

Yearly Rate

$949,000

Asking Price

$949,000

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)

3,737

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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