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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,999,000
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
Rarely Available 5,539 SF unit with private elevator. Only unit on 2nd floor. Has stunning 172 degree wrap-around views. 11 Exclusive underground parking included, plus access to 16 additional exterior commercial parking. Parc Riviera mixed-use complex at North end of No. 4 Rd. 15min walk to Bridgeport Station, quick access to HWY 99, and minutes to Vancouver. ZMU17 zoning allows for a variety of uses- Perfect for MEDICAL & DENTAL, HEALTH CARE FACILITIES/CARE HOME, CHILDCARE, RESTAURANT, CLUB, STUDIO etc. Unit is open plan, shell condition -can be demised into 5 separate units (equipped with 5 HVAC units), 2 washrooms, storage room. Complex has vast green area, child playground, & is right at Tait Waterfront Park. (id:39198)
Location
Province
British Columbia
City
Richmond
Address
10011 River Drive
Postal Code
V6X0N2
Location Highlights
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Listed by
RE/MAX ATRIUM HOME REALTY 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
5,539
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
$4,999,000
Asking Price
$4,999,000
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)
5,539
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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