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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,699,000
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
Don't miss this rare opportunity to secure a high-demand industrial unit in Richmond Hill!Modern, bright, and spacious corner industrial unit featuring a state-of-the-art showroom on the ground floor and multiple office rooms on the second floor. Ideally located in the heart of Richmond Hills bustling business district, just minutes to Hwy 404, Hwy 407, Highway 7, Richmond Hill GO Station, and public transit. Surrounded by banks, schools, residential neighbourhoods, and everyday amenities, this prime location is perfect for both business and investment. Versatile zoning allows for a wide range of uses such as office, retail showroom, warehouse, light manufacturing, and more. Whether you're an ambitious start-up, an established business owner, or an investor, this property offers the perfect blend of functionality and growth potential. Re-Zoning Option is available upon request. (id:39198)
Location
Province
Ontario
City
Richmond Hill
Address
Edward
Postal Code
L4C0V4
Location Highlights
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Listed by
RIGHT AT HOME REALTY 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
3,513
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
$1,699,000
Asking Price
$1,699,000
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)
3,513
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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