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Cash Cow Commercial Building for Sale
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Property Description |
Excellent investment income property located in Mackenzie, a
vibrant town in interior BC. Forestry, tourism and mining are the
main local industries. The restaurant is located on a high exposure
business street with two floors of finished area (main & below
grade). Triple Net 4 year plus 2 year option lease term with 5% rent increase.
Interior totally renovated in 2003, 2005 new high-efficiency furnaces installed, 2007 new make-up air unit installed.
Cap Rate approximately 13%
Building Information
Building Area: 2,000 sq.ft (Ground Level)
2,000 sq.ft (Basement)
4,000 sq.ft ( Total)
Construction: Concrete
Age: 32 years
Parking: Street
Assessment (2006)
Land $14,300
Improvement $72,500
Actual Total: $86,800
Taxes (2006): $2,975.84
Annual Rent income: $37,339.20 (Jan 1, 2007 - Dec 31, 2008)
$3,116.60 (Jan 1, 2009 - Dec 31, 2010)
Legal: Lot B Dist Lot 12463, Land District 05.
Plan #21718
P.I.D.: 009-307-826
Zoning: Commercial
Lot Size: 7,000 SF ( 50’ width x 140’ depth)
Insurance: $3,000 per year (paid by tenant) |
| Contact person: |
Mitchell Chow |
| Seller Type: |
PrivateOwner |
| Phone: |
604-961-9197 |
| Email: |
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| Web Link: |
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| Listing Status: |
For Sale |
| Property Type: |
Retail Buildings |
| Price($): |
290,000 |
| Street Address: |
530 Mackenzie Blvd |
| City: |
Mackenzie |
| Region: |
British Columbia |
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| Owner Finance: |
No |
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