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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,001,000
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
Stop paying someone else's mortgage -- own your workspace in the heart of Barrie, just minutes from downtown and Hwy 400. This professionally finished office spans two commercial condo units and was fully renovated in 2019. The front office area features a welcoming reception, waiting area, bright boardroom with custom glass doors, staff/lunch room, four private offices, open work area, and two washrooms -- ideal for a wide range of professional users. At the rear, utilize an approximate 740 SF of warehouse space with a 19' clear height and a 10' x 12' roll-up door, plus an additional 182 SF mezzanine for extra storage. Comfort and efficiency are covered with ductless heat pumps in the front offices for added cooling (2020), updated central air (2020), and a new forced-air natural gas furnace (2023).Included are a built-in custom desk and hutch in the angled office, custom blinds throughout, fridge, dishwasher, microwave, HWT (owned) and boardroom table. Additional furnishings (including copier) may be available, subject to negotiation. Flexible possession. Monthly condo fees of $775.93 include water/sewer, snow removal, landscaping, insurance, management, non-exclusive parking, and building envelope maintenance. (id:39198)
Location
Province
Ontario
City
Barrie
Address
Patterson
Postal Code
L4N7W5
Location Highlights
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Listed by
SUTTON GROUP INCENTIVE REALTY INC. Ontario 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
3,080
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
$1,001,000
Asking Price
$1,001,000
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)
3,080
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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