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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$7,500,000
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
Welcome to an extraordinary investment opportunity to acquire 5 side-by-side retail units in the Eden Building, 2003 concrete quality build by BOSA in the heart of Yaletown. Located on vibrant corner of Davie St & Richards St, these exceptional units command an entire block w/ great street presence. All 5 units, totaling 3,489 sqft, are fully tenanted to very successful businesses & directly face Emery Barnes Park, great exposure w/ outstanding daily pedestrian & traffic count. Walkscore: 97; Transit Score: 100-only 3 minute walk to Canada Line Skytrain Station. Tenants are all long term & consist of 2 well known restaurants & 1 nail salon w/ combined over 1,800+ Google reviews all above 4 stars. Excellent holding income w/ great cap rates & long-term appreciation. Please DO NOT, under any circumstances, disturb tenants. Showings by private appointment only. Call today to add these landmark properties to your investment portfolio. (id:39198)
Location
Province
British Columbia
City
Vancouver
Address
508-538 Davie Street
Postal Code
V6B2G4
Location Highlights
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Listed by
FaithWilson Christies International Real Estate 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
3,489
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
$7,500,000
Asking Price
$7,500,000
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)
3,489
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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