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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$8,390,000
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
THIS IS A FULLY LEASED WITH 10 SEPARATELY LEASED RETAIL. COMMERCIAL PROPERTY SITUATED IN THE HEART OF ABBOTSFORD.. IT IS LOCATED JUST TWO BLOCK FROM CITY HALL CORNER OF SOUTH FRASER WAY AD CEDAR PARK PLACE. ITS OVER 17000 SQ FT BUILDING SITUATED ON OVER 13000 SQ FT LOT AREA, ITS HIGH VISIBLE PROMINENT WITH LARGE FRONTAGE. THE PROPERTY HOLDS GREAT FUTURE POTENTIAL.. THERE ARE TWO ROOFS FOR THE BUILDING, THE UPPER ROOF IS ONE YEAR OLD & THE TOWER ROOF IS 5 YEAR.. DRAINAGE ON ROOF, AND MAIN DRAIN WATER LINE TO THE CITY LINE PIPES RECENTLY REPLACE.. MANY OF THE UNITS HAVE UNDERGONE RECENT RENOVATIONS, GOOD INCOME WITH LOTS OF POTENTIAL (id:39198)
Location
Province
British Columbia
City
Abbotsford
Address
2638-2640 Cedar Park Place
Postal Code
V2T3S5
Location Highlights
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Listed by
Amex - Fraseridge 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
$8,390,000
Asking Price
$8,390,000
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
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Market Competition
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Why this Marketplace was Created
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