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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,080,000
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
N/A
Building Size
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Premise Summary
773 sqft prime retail unit in the city core of Richmond, connected to Marriot Hotel and Hilton Hotel with an excellent exposure on Minuro Blvd. Perfect for all kinds of retail and professional office use. Strata fee $334.01/month. the current lease net rent $31,692.96 per year and will increase to 32,466 for year 2023. The current Tenant has 1 term of 3-year renewal option. (id:39198)
Location
Province
British Columbia
City
Richmond
Address
145 5951 Minoru Boulevard
Postal Code
V6X4B1
Location Highlights
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Listed by
Sunstar Realty Ltd. British Columbia listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
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Tenancy
N/A
Lot Size
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Available Space
N/A
Building Size
773
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
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
$1,080,000
Asking Price
$1,080,000
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.
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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.
N/A
Premises Size (square feet)
773
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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