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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$9,399,000
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
Are you in search of your next investment property? Claire Group is excited to present investors with a unique opportunity to purchase this centrally located mixed-use retail/office building in Richmond, BC. Ideally positioned at the corner of No.3 Road and Bridgeport Road, two of Richmond's main thoroughfares, this building benefits from high exposure to drive-by traffic and is within minutes of Vancouver, Hwy 99, and Vancouver International Airport. The main floor is comprised of two tenants, with the second floor being owner-occupied and partially vacant. (id:39198)
Location
Province
British Columbia
City
Richmond
Address
No. 3
Postal Code
V6X2B2
Location Highlights
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Listed by
RE/MAX Real Estate Services 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
13,917
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
$9,399,000
Asking Price
$9,399,000
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)
13,917
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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