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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,199,000
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
Quality corner office space with spectacular views conveniently located along the Kingsway corridor directly at the corner of Willingdon Avenue and Kingsway. The corner office offers expansive views and is very bright with 180 degree views of the North Shore. The unit features front reception area, five (5) private offices, air conditioning, t-bar ceiling, private kitchenette and common area washrooms. P3 level common area parking decal available for approximately $130.00 per month plus applicable taxes. INVESTMENT INCOME: The unit is leased with a base rent that averages out to $37,874.00 per annum on a Triple Net basis. The Lease commenced October 1, 2023 and expires September 30, 2026. The Tenant has the option to renew for another three (3) year term. Please telephone or email listing agents for further information or to set up a viewing. (id:39198)
Location
Province
British Columbia
City
Burnaby
Address
601 4538 Kingsway
Postal Code
V5H4T9
Location Highlights
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Listed by
RE/MAX Crest 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
1,306
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
$1,199,000
Asking Price
$1,199,000
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.
N/A
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)
1,306
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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