Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$8,888,000
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
Presenting the Victoria Medical Building, an exceptional 70,596 SF investment opportunity in the heart of Prince George's thriving Gateway/Downtown district. Located at 1669 Victoria Street, this property spans an entire block, bounded by Victoria Street to the east, 17th Avenue to the south, and Redwood Street to the west. This opportunity includes another lot, at 1740 Redwood Street for parking convenience. With a total land area of 48,755 SF, including nearly 1 acre on Victoria Street and an additional 6,120 SF lot on Redwood Street, this property presents a great opportunity to secure a substantial foothold in Prince George's burgeoning medical sector. The Victoria Medical Building stands as an income-producing asset with a robust rental history, currently accommodating 40 tenants across its multiple floors. This dynamic tenant roster includes established healthcare providers, specialists, and allied health professionals, ensuring a steady stream of rental income and long-term stability for investors. (id:39198)
Location
Province
British Columbia
City
Prince George
Address
Victoria
Postal Code
V2L2L5
Location Highlights
N/A
Listed by
Business Finders Canada British Columbia listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
70,596
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
N/A
Financial Information
Yearly Rate
$8,888,000
Asking Price
$8,888,000
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.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
70,596
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
Save this Listing
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.
