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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,000,000
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
RECEIVERSHIP SALE Opportunity to purchase the historic Harvest Building located on 109 Street with exposure to 27,800 vehicles per day (City of Edmonton 2020). 16,181 SF modern open office plan accommodates a variety of professional and/or retail/showroom users. Potential city grant incentives for faade upgrades and future maintenance. Site suitable for high density rezoning/redevelopment. 13 on-site surface parking stalls. Fully leased to YMCA until March 2024. Architecturally designed interior with exposed brick and timber ceiling details. (id:39198)
Location
Province
Alberta
City
Edmonton
Address
10315 109 St Nw Nw
Postal Code
T5J1N3
Location Highlights
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Listed by
NAI Commercial Real Estate Inc 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
16,181
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
$4,000,000
Asking Price
$4,000,000
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)
16,181
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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