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Office Building For Sale at 430 2777 JOW STREET in Richmond, British Columbia

4 Sale ID #174592
Updated 03 May 2024

Asking Price

$1,599,900

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

Bridgeport Business Centre - a AAA class business centre located in the busy commercial area in Richmond. Surrounding by surper markets, restaurants, caff, and hotels. Minutes to Vancouver International Airport (YVR). This complex will entail two office buildings and two hotels operated by Marriott International: Courtyard Marriott and Residence Inn Marriott. IBI Group is behind the design of the redevelopment. This unit is on floor 4, offering a 1727 ft place with 150-degree city and mountain view. Other features include two outdoor decks on the top two floors and 256 vehicle parking stalls. (id:39198)

  • MLS® : #C8055275
  • Date Listed : 26 Oct 2023

Location

Province

British Columbia

City

Richmond

Address

430 2777 Jow Street

Postal Code

V6X0V7

Location Highlights

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Listed by

Laboutique Realty 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

1,727

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

$1,599,900

Asking Price

$1,599,900

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)

1,727

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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