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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,928,452
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
Welcome to Marco Polo by Gryphon, a mixed-use commercial building coming to Oakridge District. Strategically located at Cambie and W49th Ave, Marco Polo sits at the crest of the Cambie Corridor. Not only is it adjacent to the Langara-49th Ave SkyTrain station, but also the future R4 RapidBus connecting UBC to Metrotown. 13 retail units, 198 AAA strata office units, 45 residential units coming next year, and 360 parking stalls, Marco Polo is the new way to live and work in balance. Beyond the office, Strata members can enjoy complimentary access to The Curator Club, a private club within the building spanning 10,000 square feet. The exclusive amenities include a range of workplace and wellness features, such as co-working lounges, a double-height multi-functional atrium, meeting rooms, and a 4,000 sqft fitness centre. (id:39198)
Location
Province
British Columbia
City
Vancouver
Address
611 6487 Cambie Street
Postal Code
V5Z3B2
Location Highlights
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Listed by
IPRO 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
843
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
$1,928,452
Asking Price
$1,928,452
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)
843
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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