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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,699,000
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
Unleash the potential of this prestigious PENTHOUSE CORNER UNIT at The Newmark! Elevate your business with this AAA Office/Retail Strata situated on the bustling intersection of Kingsway and Nelson, directly across from Metrotown and the new multi towers. Positioned on the top corner, this space is bathed in natural light, boasting a spectacular patio and panoramic views. Enjoy the convenience of a central location, close to skytrain, bus routes, renowned restaurants, shopping havens, and all essential amenities. Schedule your appointment to explore this remarkable opportunity, and kindly refrain from disturbing the tenant without prior notice. Elevate your business presence ' seize the pinnacle at The Newmark! 2 parking, 1 storage, 1 awesomely giant balcony! (id:39198)
Location
Province
British Columbia
City
Burnaby
Address
509-510 4885 Kingsway
Postal Code
V5H4T2
Location Highlights
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Listed by
ABC Realty 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
953
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
$1,699,000
Asking Price
$1,699,000
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)
953
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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