Established Executive Office Centre on Macleod Trail in Calgary
High ROI - Great For Absentee Owner
Asking Price: $400,000.00
Financing: No Seller Financing
Location: Calgary SW, Alberta, Canada
Annual Sales Revenue: $420,000.00
Cashflow: $108,000
Owner Retiring: Successful executive office centre has been in operation for approximately 30 years in a landmark building just south of Glenmore Trail. No Seller Financing.
This office centre has 37 offices as well as 38 mail service/phone tenants. Most tenants are on long term leases and have been with us for many years. There is a wide variety of categories of businesses with only one oil and gas related business, so we won't see any industry-related hiatus. Most tenants stay long term.
Any rent increases are covered by planned, reasonable rent increases. We have a long term lease with an option to renew. We deal directly with the bulding owners and they have been very accommodating, both on lease terms and maintenance issues that have rarely arisen.
Our 1 part time staff member is well trained, courteous and adapt well at solving any tenant challenges that arise, from time to time, on their own. All phone equipment is paid for in full with inexpensive monthly fees. We have online, cloud-based Customer Relationship Management (CRM) software for managing tenants and correspondence and use Quickbooks online for accounting.
Our growth strategy is focused on mail and phone service tenants, virtual assistance and franchising.