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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$9,999,000
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
Welcome to Nicola Meadows retirement home nestled on a picturesque 3.45 acres conveniently located within walking or scooter distance to rec centre, doctors offices and shopping in downtown Merritt. The 79 rooms are a mix of bachelors, 1 bedroom & 2 bedroom well designed suites. 19 of the suites are publicly subsidized by Interior Health adding to the facilities appeal. The project was designed for additonal phases to increase the number of suites in the future and with new zoning amendments additional phases can go up to 6 stories to meet the increasing demand for senior living. Invest in the future of this contemporary senior living development. This property is being offered in conjunction with the adjacent property at 2690 Garcia. For complete package and NDA please contact Listing Realtor. (id:39198)
Location
Province
British Columbia
City
Merritt
Address
2670 Garcia Street
Postal Code
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Location Highlights
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Listed by
EXP REALTY British Columbia listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
0
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
$9,999,000
Asking Price
$9,999,000
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)
0
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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