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Office Building For Sale at 950 8477 BRIDGEPORT ROAD in Richmond, British Columbia

New
4 Sale ID #230398
Updated 06 May 2024

Asking Price

$350,000

Cap Rate help 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

Excellent opportunity to acquire 1 to 6 units, of Class A office space located in the International Trade Centre, Richmond's next epicentre of business. Conveniently positioned at Bridgeport Rd and No.3 Rd, five minutes to Vancouver International Airport, walking distance to the Skytrain station and with unobstructed stunning mountain & river views year round. High-end boutique hotel "Opus Versante"right next door with conference rooms, Michelin restaurant and private club. Latest glass panel technology designed for energy savings and sun blocking. 6 conjunction units 925, 930, 935, 940, 945 and 950 are for sale. (id:39198)

  • MLS® : #C8059527
  • Date Listed : 25 Apr 2024

Location

Province

British Columbia

City

Richmond

Address

950 8477 Bridgeport Road

Postal Code

V6X0S8

Location Highlights

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Listed by

Luxmore Realty British Columbia listing

Category

office-buildings

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

438

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help 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

$350,000

Asking Price

$350,000

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

438

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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