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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,497,000
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
Prime corner property minutes away from Commercial Sky-train station. The property has some of the busiest walk by traffic in the Lower Mainland and 5 blocks from the busiest Sky-train station in Western Canada. This property is ideal for an owner user who wants to capitalize on this prime corner location. Alternatively the property is prime for upgrading and adding value. The ground floor retail is 1,909 square with the existing lease expiring June 2024. Upstairs are six 1 bedroom units all fully leased. Priced below assessment. (id:39198)
Location
Province
British Columbia
City
Vancouver
Address
1961 Commercial Drive
Postal Code
V5N4A8
Location Highlights
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Listed by
Sutton Group-West Coast 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
6,000
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
$3,497,000
Asking Price
$3,497,000
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)
6,000
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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