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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,880,000
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
Located in South Burnaby, facing the Burnaby Edmonds Community Center. The land area is 5887 square feet, 2902 square feet indoor area with resonable layout . Sublet into three rental units. Multiple parking spaces in the backyard, and the monthly rental income is nearly $10,000. C3 Zoning, the property offers countless possibilities for offices, retail space, various businesses and even restaurants. Close to SkyTrain Station, bus station, and community center, ensuring potentially high rental returns. Walking distance to the Edmonds Skytrain Station, the commercial center is within easy reach, Buy Low Food, Grocery store, coffee shop, library and the library are 3-5 minutes walking distance; according to the Burnaby City Government's Edmonds community plan for the near future, The location of the property will definitely become a commercial and residential center with high-rise buildings. Don't miss such a good investment opportunity! (id:39198)
Location
Province
British Columbia
City
Burnaby
Address
7414 Edmonds Street
Postal Code
V3N1A8
Location Highlights
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Listed by
Nu Stream Realty Inc. 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
2,902
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
$3,880,000
Asking Price
$3,880,000
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)
2,902
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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