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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$999,999
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
RARE INDUSTRIAL UNIT IN A HIGH TRAFFIC COURT WITH M2 ZONING. WHICH ALLOWS FOR VARIETY OF USES. ANDOFFICE SPACE WITH 2PC BATHROOM AND A SPACIOUS WAITING ROOM FOR CLIENTS AND GUESS.FRONT OF BUILDING ANDREAR OF BUILDING BOTH HAVE 2 PARKING SPOTS ALLOTED. LARGE DRIVE IN DOOR OPENS TO OVER 1800 SQ FT OFWORKING SPACE NOT INCLUDED THERE IS 600 SQ FT MEZZANINE. QUICK ACCESS TO THE HWYS 407,400 AND HWY7.DON'T WAIT ON THIS OPPORTUNITY TO OWN A GREAT INCOME PROPERTY FOR YEARS TO COME, OR SIMPLY RUN YOUR OWNBUSINESS ADVENTURE. **EXTRAS** CURRENT TENANT HAS LEASE UNTIL APRIL 30 2024 AT $3785.50 TAXES INCLUDED PLUS UTILITIES. 600 VOLTS OFELECTRICTY AND 200 AMP SERVICE. SELLER WILLING TO DO VENDOR TAKE BACK MORTGAGE WITH MINIMIUM 25PERCENT DOWN OR TO BE DETERMINED (id:39198)
Location
Province
Ontario
City
Vaughan
Address
7 - 50 Ritin Lane
Postal Code
L4K4C9
Location Highlights
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Listed by
CENTURY 21 HERITAGE GROUP LTD. 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
1,831
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
$999,999
Asking Price
$999,999
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)
1,831
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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Why this Marketplace was Created
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