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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,900,000
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
Opportunity knocks! The building is 21,000 sq. ft. Ample parking and fantastic exposure. There are nine offices upstairs with seven currently leased. The two adjoining development lots, also zoned C1, are included in this package. They are adjacent to the Coast Inn of the North and could possibly house PG's newest condo development or commercial/res mix? This price is for building and lands only with the main floor vacant for owner to occupy. There are several smaller leases with 9 offices upstairs as well. Currently 60 parking spaces are included with the building. If the Buyer wants the business to remain its for sale as well see MLS# C8041786. (id:39198)
Location
Province
British Columbia
City
Prince George
Address
760 Victoria Street
Postal Code
V2L2K6
Location Highlights
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Listed by
Royal LePage Aspire 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
21,000
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
$4,900,000
Asking Price
$4,900,000
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)
21,000
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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