1230, 1234, 1242, 1244 4th Avenue Prince George, BC
Now Available For Sale Reduced! David Black
1230, 1234, 1242, 1244 4th Avenue Prince George, BC
Asking: $ 560,000 Investment Opportunity This is a solid well maintained building on “Specialty Avenue” located in the center of downtown Prince George. There was a major renovation completed in 2008 including a new roof, new cultured stone façade, new front windows and doors and new furnaces and AC units. A complete list of the upgrades is included in this package.
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
1230, 1234, 1242, 1244 4th Avenue, Prince George, BC
Assessment & Taxes (2013)
Land : Improvements :
$ 227,000 466,000 ____
_________
Total :
$ 693,000
Taxes
$ 20,313.06
Unit Sizes (Square Feet)
4th Avenue
1230 1232 4th Avenue 1234 4th Avenue 1242 4th Avenue 1244 4th Avenue Warehouse (storage)
Vacant Restaurant Vacant Restaurant Pacific Body Jewellery Page Boy Books Vacant Vacant
2,080 1,050 1,200 1,320 1,480 950
Oct/31/16 Sept/30/15
______________
Total
Royal LePage Prince George Independantly Owned and Operated
8,080
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
Property Description 2008 Improvements (Over $ 200,000) 1230, 1232, 1234 4th Avenue - Roof w/ extra insulation (The whole building including 1244 4 th Ave) - Front windows & Doors - Drywall, interior doors - New façade (cultured stone) - Washrooms - Furnaces, lighting, electrical, flooring & A/C Current Net Income 1,200 sq/ft @ $10 PSF 1320 sq/ft @ $ 7.50 PSF (Year two of lease @ $ 8.50)
$ 12,000.00 9,900.00
Total Minus expenses on vacant portion
$ 21,900.00 19,463.00
____________________
________________
Net Income
$ 2,437.00
Potential Net Income 3,130 sq/ft @ $11 PSF (Asking Rate) 1,200 sq/ft @ $10 PSF 1,320 sq/ft @ $ 7.50 PSF 1480 sq/ft @ $ 9.00 PSF (Asking Rate) 900 sq/ft @ $ 4.25 PSF (Asking Rate)
$ 34,430.00 12,000.00 9,900.00 13,320.00 3,825.00
Total
$ 73,355.00
____________________
Potential CAP rate on asking: 13% A sound building that has been well maintained in a great downtown location which when completely leased will provide a strong return on investment. This is a great opportunity for an owner operator looking to locate in the center of downtown Prince George and to build equity at the same time.
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
1230/1232 4th Avenue
1234 4th Avenue
1242 4th Avenue
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
1244 4th Avenue
Warehouse
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
1230, 1234, 1242, 1244 4th Avenue Prince George, BC
Asking: $ 560,000 Investment Opportunity This is a solid well maintained building on “Specialty Avenue” located in the center of downtown Prince George. There was a major renovation completed in 2008 including a new roof, new cultured stone façade, new front windows and doors and new furnaces and AC units. A complete list of the upgrades is included in this package.
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
1230, 1234, 1242, 1244 4th Avenue, Prince George, BC
Assessment & Taxes (2013)
Land : Improvements :
$ 227,000 466,000 ____
_________
Total :
$ 693,000
Taxes
$ 20,313.06
Unit Sizes (Square Feet)
4th Avenue
1230 1232 4th Avenue 1234 4th Avenue 1242 4th Avenue 1244 4th Avenue Warehouse (storage)
Vacant Restaurant Vacant Restaurant Pacific Body Jewellery Page Boy Books Vacant Vacant
2,080 1,050 1,200 1,320 1,480 950
Oct/31/16 Sept/30/15
______________
Total
Royal LePage Prince George Independantly Owned and Operated
8,080
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
Property Description 2008 Improvements (Over $ 200,000) 1230, 1232, 1234 4th Avenue - Roof w/ extra insulation (The whole building including 1244 4 th Ave) - Front windows & Doors - Drywall, interior doors - New façade (cultured stone) - Washrooms - Furnaces, lighting, electrical, flooring & A/C Current Net Income 1,200 sq/ft @ $10 PSF 1320 sq/ft @ $ 7.50 PSF (Year two of lease @ $ 8.50)
$ 12,000.00 9,900.00
Total Minus expenses on vacant portion
$ 21,900.00 19,463.00
____________________
________________
Net Income
$ 2,437.00
Potential Net Income 3,130 sq/ft @ $11 PSF (Asking Rate) 1,200 sq/ft @ $10 PSF 1,320 sq/ft @ $ 7.50 PSF 1480 sq/ft @ $ 9.00 PSF (Asking Rate) 900 sq/ft @ $ 4.25 PSF (Asking Rate)
$ 34,430.00 12,000.00 9,900.00 13,320.00 3,825.00
Total
$ 73,355.00
____________________
Potential CAP rate on asking: 13% A sound building that has been well maintained in a great downtown location which when completely leased will provide a strong return on investment. This is a great opportunity for an owner operator looking to locate in the center of downtown Prince George and to build equity at the same time.
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
1230/1232 4th Avenue
1234 4th Avenue
1242 4th Avenue
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
1244 4th Avenue
Warehouse
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
Royal LePage Prince George Independantly Owned and Operated
1625 4th Avenue, Prince George, BC V2L 3K2 Ph: 250-564-4488, Fax: 250-562-3986, Toll-free: 1-800-419-0709
