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14 Year Old Established Shopping Center Mall (70% Share)

Ulaanbaatar, Mongolia
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    14 Year Old Established Shopping Center Mall (70% Share)

    $11,000,000$687,076

    Description

    For sale a full running Shopping Mall in the Capital City of Mongolia (Ulan Bator (Ulaanbaatar) with a conveniently central located market (4,632.3 m2) and over 100 independent vendors offering fresh produce and high quality imported goods at affordable prices. The mall has been operating on the market for the past 14 years and established a solid market presence and name recognition. A team of 24 highly professional employees are in charge of the management.

    New generation consumers demand convenience of supermarket and freshness and variety of traditional markets.

    Operating Assumptions

    Rental growth rate – 6.5% /rental increase starts from second year
    Expense growth rate 5%
    Vacancy rate 5%
    Salary conducts 28.5% of total expense

    Detail

    Updated on March 24, 2021 at 4:57 am

    Property ID:L#20210042
    Year Built:2007-03-05
    Property Type:Real Estate, Retail Miscellaneous
    Property Status:Equity, For Sale
    Asking Price: $11,000,000
    Gross Revenue:$1,206,000
    EBITDA:$687,076
    Reason for Selling:New Investments
    Country:Mongolia
    City: Ulaanbaatar
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