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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,250,000
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
Opportunity awaits! 6 Bay Fully Rented Out Plaza Available In Angus! Built In The 1980s Many Upgrades Have Been Done Including Parking Lot Refurbishments, New Roof, Exterior Doors, HVAC Equipment And Many More. Long Term Tenants At Market Rates Makes This Great Investment For The First Timer Or To Your Portfolio. Additional Land Area Included With Space And Footings In Place To Build On Additional 2-4 Units Depending On Size For Close To 10000 Sq Ft! This Turn Key Unit Must Be Seen To Be Appreciated. (id:39198)
Location
Province
Ontario
City
Essa
Address
6 Massey St
Postal Code
L0M1B0
Location Highlights
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Listed by
RE/MAX WEST REALTY INC. Ontario 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
7,200
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
$2,250,000
Asking Price
$2,250,000
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)
7,200
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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