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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,949,000
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
Here is an opportunity to purchase a 3,900 sq. ft main floor retail strata unit that is practically impossible to find in Kelowna today. This beautifully finished space is ready to go with a front reception, finished washrooms with a shower, and already demised offices, all with in a well-maintained professional building! This space is turn-key for a spa owner but could easily accommodate a dentist, physiotherapist, optometrist or any other professional. This strata lot has been divided into 2 separate spaces. An owner-occupier could work out of the larger space of 3,203 sq. ft and collect rent from the existing tenant in the smaller 697 sq. ft separate space. An investor can enjoy the benefits of the triple net lease currently in place until 2026. The parking is second-to-none with 3 available underground stalls for staff and an abundance of free surface parking for your clientele. (id:39198)
Location
Province
British Columbia
City
Kelowna
Address
#108 1912 Enterprise Way
Postal Code
V1Y9S9
Location Highlights
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Listed by
Coldwell Banker Horizon 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
0
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
$2,949,000
Asking Price
$2,949,000
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)
0
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
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