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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$599,000
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
Investors Alert!!!! A rare opportunity to invest in the rapidly densifying Vancouver Heights. This brand new, main floor commercial unit is currently on a 5 years lease generating close to $2400/month. Don't forget its potential being in central location, prominent exposure along one of Vancouver's key transit corridors, near schools and residential towers. Just hold and see your asset grow! This property has a new HAVC unit, hot water tank, plumbing and electrical. The unit is very efficient with plenty of natural light and wide frontage. Comes with one designated parking stall. (id:39198)
Location
Province
British Columbia
City
Vancouver
Address
3623 E Hastings Street
Postal Code
V5K2B1
Location Highlights
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Listed by
Royal Pacific Realty (Kingsway) Ltd. 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
458
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
$599,000
Asking Price
$599,000
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)
458
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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