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Alameda County, California
Banquet Hall - With Real Estate, 3 Under 1 Roof
Name: Ash Madraswala
Phone: Show phone number
Name
Ash Madraswala
Phone
Show phone number
Property Description
The facility is outfitted with state-of-the-art K-9 crystal chandeliers and soundproof walls, creating a magnificent and elegant ambiance. The venue also boasts a fully equipped bar with a full liquor license, and a state-of-the-art kitchen capable of serving food for up to 10,000 people. Additional amenities include separate roll-up doors for vendors and deliveries and state-of-the-art HVAC systems throughout the ballrooms.
This eight-year-old venture comes with an impressive gross income ranging from $3,000,000 to $3,500,000. The total coverage area is 20,500 square feet, accompanied by ample free parking for up to 1,000 cars. Furthermore, the Banquet Hall holds exclusive licenses for entertainment and liquor, valued at $2,000,000 and $100,000 respectively, both of which are included in the asking price of $16.50 million.
The business value is estimated at $4,500,000, while the real estate value, based on $600 per square foot, stands at $12,300,000. The total value is 16,800,000
Property Information
Premises Details:
Shopping center
Building Size (Total):
20,500 sqft
Net Rentable:
20,500 sqft
Year Built:
2,010
Stories:
1
Zoning:
Banquet Hall with Dancing or Night club
Ceiling Height:
16
Investment Information
Investment Type:
Owner/User
Net Operating Income:
$1,000,000
CAP Rate:
6.00%
Pro-forma NOI:
$1
Pro-forma Cap Rate:
9.00%
Lease & Tenant Information
Parking Type:
Posting Information
Posting ID:
286519
Attributes:
Broker Cooperation
E-2 Visa Eligible
License (Liquor, etc.)
Real Estate Available
Real Estate Included
SBA Loan Pre-Qualified
Semi Absentee Run
Training And Support
Attachments
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Posting Title
Banquet Hall - With Real Estate, 3 Under 1 Roof
Posting ID
#286519
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Phone (Required)
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Agent, Broker or Seller Contact
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