aldergrove car wash; 1.9 mill; 8 + cap rate

Aldergrove Car Wash

27158 Fraser Hwy, Aldergrove, BC V4W3P7

• Price:
  $1,950,000
• Building Size:
  15,000 SF
• Price/SF:
  $130
• Property Type:
  Special Purpose
• Property Sub-type:
  Special Purpose (Other)
• Property Use Type:
  Investment
• Commission Split:
  1.15%
• Cap Rate:
  8%
• Occupancy:
  100%
• Tenancy:
  Single
• Lot Size:
  0.48 AC
• Find Out More...

Last Verified 11/2/2010 Listing ID 16742218

Description

Perfect High Traffic Location. Aldergrove Car Wash - easy to operate business - 5 bay hand car wash, one touchless bay fully automatic. Two suites upstairs - well built and designed can easily bring in over $1,000/per suite, per month - currently occupied by care taker, also the freestanding booth can be leased for up to $1000/month. Secure cash collection system. Priced below replacement cost.

This area along Fraser Hwy has also been annexed into a high density corridor. The Township is looking for 6-16 storey buildings along and around downtown Aldergrove.

Package Includes

- Aerials views of the subject
- Tax reports
- Financials available to qualified Buyer

Financial Summary

• Actual
• Net Operating Income
  $156,000