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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,388,000
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
Fantastic investment opportunity in a freestanding multi-tenanted commercial building with 69 foot frontage on Kingsway. This fully leased building had many updates in 2021 that included new exterior siding, bathrooms, doors, paints, flooring, just to mention a few. Additionally, it has a cap rate of more than 6% approximately with reliable tenants. It's notable to mention that this property is a short drive to Metropolis at Metrotown and about a twenty minutes walk to Royal oak skytrain station. Email The listing agent for details. Please do not walk into the building and do not contact any of the tenants. (id:39198)
Location
Province
British Columbia
City
Burnaby
Address
6340 Kingswat
Postal Code
V5E1C5
Location Highlights
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Listed by
Parallel 49 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
8,889
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
$4,388,000
Asking Price
$4,388,000
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)
8,889
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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