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Retail Space For Rent at COM 4 2197 Otter Point Rd in Sooke, British Columbia

4 Sale ID #195773
Updated 29 Apr 2024

Sq. Ft. Rate

$24

Lease Rate

N/A

Space Size

N/A

Year Built

N/A

Premise Summary

ONLY 2 OF THE 8 COMMERCIAL UNITS REMAINING. Occupancy expected in the 1st quarter of 2024. Brand-new Parkview building situated in the Sooke core yet surrounded by parks and trails. The spaces offer ideal proximity to the shops, restaurants, and exposure that the Sooke Village has to offer. The remaining 2 spaces would be ideal for a coffee shop, medical clinic, financial institution or office space. Each unit offers separately metered hydro, and dedicated parking stalls. Commercial spaces 1 and 4 are anticipated for completion in 1st Quarter of 2024. Tenants includes Fitness Centre, SPA and Karate School. Base rent is $24 per sq plus common and operating costs estimated from $8-11. This is new construction. Early Fixturing opportunities will be considered. All size approximate. (id:39198)

  • MLS® : #951043
  • Date Listed : 15 Jan 2024

Location

Province

British Columbia

City

Sooke

Address

Com 4 2197 Otter Point Rd

Postal Code

V9Z0P7

Location Highlights

N/A

Listed by

Coldwell Banker Oceanside Real Estate British Columbia listing

Category

retail-space

Property Information

Premise Status

N/A

With Accommodation

N/A

Tenancy

N/A

Space Size

N/A

Available Space

N/A

Building Size

0

Year Built

N/A

Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Sq. Ft. Rate

$24

Asking Price

$24

Rate/yr

N/A

Floor of Lease

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

0

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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