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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$415,000
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
Versatile commercial space located in a landmark plaza that is ideal for an owner operator to make their own. The current owner has outgrown the space and needs to upsize, the location has been great for their business. This property consists of a total of 2,500 sq.ft. which includes 1,000 sq.ft. of mezzanine area and offers great exposure onto 98 Street with ample parking for clients. Currently the unit is operating as a retail location, with offices and staff area upstairs, but would be ideal as a professional space or any number of business'. This could be your chance to own your own building and have your business pay the rent at a price point that will not break the bank. Call your Commercial Realtor® today to book a showing. (id:39198)
Location
Province
Alberta
City
Grande Prairie
Address
104 9899 112 Avenue
Postal Code
T8V7T2
Location Highlights
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Listed by
RE/MAX Grande Prairie 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
2,500
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
$415,000
Asking Price
$415,000
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)
2,500
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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