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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$369,000
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
Desirable PACIFIC PLAZA in the heart of Richmond!! Two adjoining units (#2385 & #2380) totaling 1027sf for sale together or separately. An excellent opportunity to open up your own business and own your space instead of renting! Renovated with hardwood floor, lighting, alarm, and air-conditioning. Previously used as an education center, and can be used for a variety of other businesses such as accounting, law firm, massage and wellness or beauty clinic. Walking distance to Aberdeen Centre and Skytrain Station. Plenty of customer parking throughout the plaza. Call now for a private showing! (id:39198)
Location
Province
British Columbia
City
Richmond
Address
2385 8888 Odlin Crescent
Postal Code
V6X3Z8
Location Highlights
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Listed by
Sutton Group - Vancouver First 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
515
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
$369,000
Asking Price
$369,000
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)
515
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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