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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,990,000
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
This is an incredible opportunity to purchase 26,205 SF of professional office space that has undergone a complete renovation in the heart of Grande Prairie. This former movie theater turned office, is a unique landmark property centrally located in the Grande Prairie area. It is currently being offered for sale at a fraction of the cost of new construction. The building has frontage exposure on 100 Avenue with 28 designated parking stalls and plenty of public parking in the vicinity. It is comprised of a spacious reception area, 32 designated offices, two boardrooms, staff lounge, two bull pen area's which can easily accommodate up to 26 additional work area's as your business continues to grow and a fully functional theater. This property literally has it all and should not be overlooked. Call your Commercial Realtor® today to book a showing. (id:39198)
Location
Province
Alberta
City
Grande Prairie
Address
9820 100 Avenue
Postal Code
T8V0T8
Location Highlights
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Listed by
RE/MAX Grande Prairie Alberta 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
26,205
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
$3,990,000
Asking Price
$3,990,000
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)
26,205
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
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