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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,595,000
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
Modern retail/professional space in the popular Southlands area. This large, highly visible space is the ideal location for your business, whether retail, medical or other professional service. Surrounded by numerous active businesses, exposure and foot traffic come built in. The building offers nearly 5000sqft of main level space as well as a large, fully finished 1421 sqft mezzanine. The tall ceilings provide a very open feeling along with fantastic lighting and abundant display space. There is ample parking for your clients and customers. Looking for a lease? This property is offered at $19/sq ft. Call today for details. (id:39198)
Location
Province
Alberta
City
Medicine Hat
Address
2 2010 Strachan Road Se
Postal Code
T1B0M9
Location Highlights
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Listed by
ROYAL LEPAGE COMMUNITY REALTY 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
4,957
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
N/A
Financial Information
Yearly Rate
$1,595,000
Asking Price
$1,595,000
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.
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Premises Size (square feet)
4,957
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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