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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,250,000
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
An exceptional opportunity to purchase a good quality, fully built out office space in the heart of Sherwood Park. This commercial condominium offers a prime location with C5 zoning and effortless access to both Baseline Road and Anthony Henday Drive. Spanning over 3600 sq. ft. across two levels, the property includes 8 generous offices, two boardrooms, reception area, three washrooms, kitchen, file room and storage. An additional 1436 sq. ft. is currently leased, providing income for the new owner. With twelve dedicated parking stalls conveniently located at the front entrance, accessibility is seamless for both staff and clients. Rarely does a property combine location, versatility, and investment appeal so completely. Whether for your own business or as part of a growing portfolio, this opportunity offers the best of both ownership and value.Other Property Types: Office,RetailSubject Space Width: 10Subject Space Depth: 190Ownership Interest: PrivateTitle to Land: Fee SimpleRPR Survey Available: NoSeller Rights: NoAppointment Name: KimAppointment Phone: 780-974-3357Paragon Listing ID: E4455450 (id:39198)
Location
Province
Alberta
City
Sherwood Park
Address
Chippewa
Postal Code
T8A6A2
Location Highlights
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Listed by
Sotheby's International Realty Canada 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
5,066
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
$1,250,000
Asking Price
$1,250,000
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)
5,066
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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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
