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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,860,000
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
At the intersection of Burrard St & Broadway in a quality-built concrete tower, this rare 1,376 SQFT property w/ VIEWS is created merging 2 Strata Lots. Currently configured with a waiting area at the entrance, 2 shared office area for 4-6 desks, a kitchenet, a large boardroom + 3 private offices. Offices for strata ownership are rare to find along the Broadway Corridor which is recently rezoned for increased density. Projections are 50k new residents, 42k new jobs as the Broadway Subway extends, with a station within 2 min of this office. The unit includes three secured parking spots for exclusive use + 42 VISITOR PARKING Stalls underground. Perfect for MEDICAL, DENTAL, LEGAL & all PROFESSIONAL services. Ideal for an OWNER-USER looking to offset revenues for tax planning, build equity over time, and secure the location of their practice. With the flexibility to separate the units into two closed-off spaces, you can lease out as needed to supplement loan payments. Seller Financing Possible. Easy to show. (id:39198)
Location
Province
British Columbia
City
Vancouver
Address
505 & 508 1788 W Broadway Street
Postal Code
V6J1Y1
Location Highlights
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Listed by
Rennie & Associates Realty Ltd. 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
1,376
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
N/A
Financial Information
Yearly Rate
$1,860,000
Asking Price
$1,860,000
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)
1,376
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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