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CIVIC ADDRESS
401 Fifth Street
New Westminster, BC
PID
013-454-099
SUITE MIX
Bachelor x 1
Bachelor + Den x 4
One-bed x 1
One bed + Den x 8
Total = 14
SITE SIZE
13,068 Sq. Ft.
*approx & subject to verification
CURRENT ZONING
RS-1 Single Detached Dwelling
STATUS
FIRM DEAL
TENURE
Title will be delivered free and clear of all financial encumbrances
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Schedule A Phone Consultation
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The National Apartment Group – BC is pleased to present the opportunity to acquire the St. James Apartments, a character rich 14-suite Rental Apartment building built in 1930 and situated on a large 13,068 SF corner lot in the heart of the Queen's Park neighbourhood in New Westminster, BC.
The video tour below highlights some of the character attributes retained throughout the building, the larger than average suite layouts, and the nearby amenities just steps from the property in addition to providing an opportunity for prospective investors to safely view the property virtually.
The owner is in the unique position to deliver 5 suites vacant, providing convenient and safe access to tour the building and allowing investors to immediately start a renovation program and begin updating suites prior to releasing them at market rents. Though the be building has benefited from recent capital upgrades, it ultimately represents a repositioning opportunity for investors.
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Some examples of property renovations that could be conducted are highlighted in the images below:
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Current Kitchen
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Virtually Renovated Kitchen
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Current Bathroom
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Virtually Renovated Bathroom
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LANCE COULSON
Personal Real Estate Corporation
Executive Vice President
T +1 604 662 5141
lance.coulson@cbre.com
[/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text]
GREG AMBROSE
Senior Sales Associate
T +1 604 662 5178
greg.ambrose@cbre.com
[/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text]
Kevin Murray
Senior Sales Associate
T +1 604 662 5171
kevin.murray4@cbre.com
[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width="1/3"][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text][/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]
[vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1621033425852{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
1445 West 10th Avenue, Vancouver, BC
SITE SIZE
015-019-721
SUITE MIX
11 x One-Bedroom Suites
SITE SIZE
6,250 SF (50' x 125')
CURRENT ZONING
RM3
OCP DESIGNATION
1.45 FSR
CURRENT NOI
$161,098
STATUS
SOLD
[/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576537293095{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"]
Schedule A Phone Consultation
[/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1588800492027{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"] Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]The CBRE National Apartment Group - BC is pleased to present the exclusive opportunity to acquire The Henrietta Apartments, a well-maintained 11-suite income producing rental apartment building prominently located in the prestigious Fairview neighbourhood in Vancouver, long regarded as one of the strongest rental markets in Canada!
The offering provides a competitive inital 2.75% cap rate on list price and additionally provides a future value-add opportunity to increase rental income upon turnover, modernization & re-lease of units at market rents. The property is also located within the Broadway Corridor Plan Study area, creating potential redevelopment opportunities in the future, and will be
just around the corner from the future South Granville Millennium Line Broadway extension station, which is expected to be completed in 2025.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]
Exceptional location: Immediate access to transit & a variety of highly sought-after amenities, steps from future SkyTrain station, and only a 5 minute drive from Downtown Vancouver;
Rental Income Upside: With many of the suites at below market rents, there is a significant income upside opportunity to modernize the suites upon turnover and re-lease at market rents;
Strong Market Fundamentals: Fairview boasts one of the lowest vacancy rates in Metro Vancouver at 0.5% (CMHC). The lack of rental housing supply, increasing rental rates & home prices in Vancouver combined with historically low vacancy rates support long-term income growth for the Subject Property;
Possible Rezoning for Future Redevelopment: The Property is situated in the Broadway Study Plan (estimated to be completed in 2020 and may be considered for densification/rezoning due to its proximity to the Millennium Line Broadway Extension;
Secure Investment: Historically high occupancy, tightening rental market and consistent appreciation in multi-family property values make this an extremely appealing investment property.
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Location Highlights
1445 West 10th Avenue is located in the heart of the South Granville area in the Fairview neighbourhood, just off of Granville Street and one block South of West Broadway. The area boasts quick and easy access to some the best amenities, including grocery, restaurants, cafes, and entertainment all within walking distance of the property, as well as quick access to the 99 B-Line Bus which runs all the way down West Broadway from the University of British Columbia to Commercial Drive, and the 010 Downtown Bus just around the corner from The Subject Property. The Henrietta Apartments will also be less than 200 meters from the future South Granville Subway Station, providing greater transit connectivity throughout Metro Vancouver.
Broadway Corridor Plan Study Area
The Subject Property has been identified as part of the Broadway Corridor Plan (BCP) Study Area, which has a vision for increased densification, particularly rental and affordable housing, near transit connections to better connect residents to employment sites. More importantly, the BCP intends to provide developers and property owners with guidance and clarification on what forms of development will be permitted for the area upon completion of the review, which is estimated for the end of 2020.[/vc_column_text][/vc_column][vc_column width="1/2"][vc_empty_space height="62px"][vc_single_image image="3198" img_size="large"][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="3191,3201,3202,3203,3204,3205,3206" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/3"][vc_column_text]
LANCE COULSON
Personal Real Estate Corporation
Executive Vice President
T +1 604 662 5141
lance.coulson@cbre.com
[/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text]
GREG AMBROSE
Senior Sales Associate
T +1 604 662 5178
greg.ambrose@cbre.com
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[vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1599018871907{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
50 Fell Avenue, North Vancouver, BC
PID
024-721-778
YEAR BUILT
2001
SITE SIZE
1.27 Acres | 55,647 SF
*approx & subject to verification
NET RENTABLE AREA
31,529 SF
LOADING
5 dock loading doors
3 grade loading doors
ZONING
CD-360
PARKING
42 Surface Stalls
STABILIZED NOI
$565,197
ASSESSED VALUE
$13,876,000
LIST PRICE
FIRM DEAL
[/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576537099141{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"]
Schedule A Phone Consultation
[/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1590519475511{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"] Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]CBRE’s North Shore Specialists and Investment Properties Group have teamed together to present the opportunity to acquire 50 Fell Avenue, a professionally managed state-of-the-art A-Class flex industrial/office building located within the “Harbourside Business Park” and situated at the foot of the North Shore Auto Mall in the City of North Vancouver.
The property is improved with 31,529 sq. ft. of high-quality flex industrial and office space, approximately 21,835 sq. ft. of which is warehouse industrial space on the main floor featuring 24’ ceiling heights and minimal columns. The second floor features over 9,694 sq. ft. of modern office space’s with large boardrooms & kitchenettes.
The property is further improved with both dock loading and grade loading doors, an accessibility elevator providing access to the 2nd floor, over 6,000 sq. ft. of yard space on the North side of the property, and 42 surface parking stalls.
The Property is well positioned to take advantage of North Vancouver’s highly constrained industrial and office markets, with vacancy rates as low as 0.8% (2nd lowest vacancy rate in Metro Vancouver) and 3.2% respectively. Upwards pressure on rental rates has been increasing throughout 2019, and vacancy rates are expected to remain compressed in the coming year.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]50 Fell Avenue is ideally situated across the street from the North Shore Auto Mall in the Harbourside Business Park in the City of North Vancouver; a highly sought-after location for businesses given its waterfront location. The property is close to a variety of retail amenities & services along Marine Drive, including Capilano Mall; North Vancouver’s 2nd largest shopping center, and is within walking distance to Lonsdale Quay Market & SeaBus via the Spirit Trail or by transit, with Immediate access to public transportation directly outside of the property.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_empty_space height="42px"][/vc_column_inner][/vc_row_inner][vc_text_separator title="LOCATION MAP (CLICK TO ENLARGE)"][vc_single_image image="3441" img_size="full" alignment="center" onclick="img_link_large"][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="3433,3437,3435,3436,3434,3439,3440" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/3"][vc_column_text]
LANCE COULSON
Personal Real Estate Corporation
Executive Vice President
CBRE Limited, Capital Markets
T +1 604 662 5141
lance.coulson@cbre.com
[/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text]
LAWSON CHU
Associate Vice President
CBRE Limited, Capital Markets
T +1 604 662 5116
lawson.chu@cbre.com
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YASHAR KHALIGHI
Personal Real Estate Corporation
Associate Vice President
CBRE Limited, Capital Markets
T +1 604 662 5193
yashar.khalighi@cbre.com
[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]
[vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1608159901219{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
33382 George Ferguson Way
Abbotsford, BC
PID
014-166-372
SUITE MIX
31 x 2-bedroom suites (4 are 2-level)
SITE SIZE
45,270 Sq. Ft.*
*approx & subject to verification
CURRENT ZONING
Low Rise Apartment Zone
DEVELOPMENT
Urban 1 Mid Rise
STATUS
SOLD
TENURE
Clear title held in a Bare Trust
[/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576537099141{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"]
Schedule A Phone Consultation
[/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1599861043442{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"] Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]The CBRE National Apartment Group – BC is pleased to present the opportunity to acquire the Birchwood Manor Apartments; comprised of three rental apartment buildings with a combined 31 suites, situated on one large lot located at 33382 George Ferguson Way in the heart of Abbotsford, BC. Long regarded as one of the strongest rental markets in Canada with a 1.2% vacancy rate (CMHC 2019). The offering represents a unique repositioning opportunity to renovate suites upon turnover and re-lease them at market rents in a growing market.
The three rental buildings are situated on a combined 45,270 Sq. Ft. land parcel fronting George Ferguson Way and is identified as part of a development corridor and the community plan proposed for Urban 1 Midrise allowing for a development consisting of six storeys and up to 2.5 FSR, providing an excellent future redevelopment opportunity for an investor.
With the property being held in a bare trust and clear title, this is a barrier free asset to acquire for any investor.[/vc_column_text][vc_text_separator title="PROPERTY VIDEO TOUR" title_align="separator_align_left"][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="42px"][vc_column_text]
Some examples of property renovations that could be conducted are highlighted in the images below:
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Current Kitchen
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Virtually Renovated Kitchen
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Current Bathroom
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Virtually Renovated Bathroom
[/vc_column_text][vc_column_text][/vc_column_text][/vc_column_inner][/vc_row_inner][vc_empty_space height="52px"][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="4044,4045,4046,4047,4048,4052,4050,4053,4058,4054,4059,4055,4043,4057" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/3"][vc_column_text]
LANCE COULSON
Personal Real Estate Corporation
Executive Vice President
T +1 604 662 5141
lance.coulson@cbre.com
[/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text]
Kevin Murray
Senior Sales Associate
T +1 604 662 5171
kevin.murray4@cbre.com
[/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text]
GREG AMBROSE
Senior Sales Associate
T +1 604 662 5178
greg.ambrose@cbre.com
[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width="1/3"][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text][/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]
[vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1592267736480{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
1245 & 1255 West 10th Ave, Vancouver, BC
SITE SIZE
1245: 015-019-101
1255: 015-019-527
SUITE MIX
1245 W 10th
11 x One-Bedroom
1255 W 10th:
9 x housekeeping
2 x bachelors
Total = 11*
COMBINED SITE SIZE
12,500 SF
CURRENT ZONING
RM-3
OCP DESIGNATION
Up to 1.45 FSR
COMBINED NOI
$213,404
STATUS
Firm Deal
[/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576537099141{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"]
Schedule A Phone Consultation
[/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1576187188646{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"] Download Brochure[/vc_column_text][vc_column_text]
**In accordance with the City of Vancouver’s licensing department, 1255 W 10th Avenue is licensed for 1 dwelling unit and 9 housekeeping units. Suite authorization status is to be confirmed and further verified by the prospective purchaser.
[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]The CBRE National Apartment Group – BC is pleased to present the opportunity to acquire the South Granville Apartment Portfolio; comprised of two rental apartment buildings with a combined 22 suites, located adjacent to one another at 1245 and 1255 West 10th Avenue in the prestigious Fairview neighbourhood in Vancouver, long regarded as one of the strongest rental markets in Canada with a 0.5% vacancy rate (CMHC 2018).
The properties are very competitively priced at a combined List Price of $8,100,000, which equates to $368,181 per suite and $648 per square foot on land area![/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]
Prime Fairview Location: Located just 1 block off the West Broadway Commercial Corridor with immediate access to transit & a number of highly sought-after amenities; 3 blocks from Vancouver General Hospital; and just a 5 minute drive from Downtown Vancouver.
Steps from Future Subway Stations: The Subject Properties will be within walking distance to 2 of the future Millennium Line Subway Extension stations; South Granville Station and Fairview-VGH station.
Future Densification/Assembly Potential: A draft of The Broadway Plan (estimated to be completed by Dec 2020) may provide for potential densification and/or land assembly of the properties, due to their location, large 12,500 SF site size and appealing 100 ft of frontage onto West 10th Avenue.
Good Holding Income: The South Granville Apartment Portfolio will provide an investor/developer with a good holding income while awaiting the finalization and approval of the Broadway Plan.
Rental Income Upside: With many of the suites at below market rents, there is a significant income upside opportunity to modernize the suites upon turnover and re-lease at market rents.
[/vc_column_text][vc_single_image image="3211" img_size="large"][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_empty_space height="42px"][/vc_column_inner][/vc_row_inner][vc_single_image image="3214" img_size="full" alignment="center" onclick="img_link_large"][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="3194,3212,3213" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/3"][vc_column_text]
LANCE COULSON
Personal Real Estate Corporation
Executive Vice President
T +1 604 662 5141
lance.coulson@cbre.com
[/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text]
GREG AMBROSE
Senior Sales Associate
T +1 604 662 5178
greg.ambrose@cbre.com
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[vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1580516484057{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
103 N Templeton Drive & 2185 Oxford Street, Vancouver, BC
SITE SIZE
12,078 SF (combined)
SUITE MIX
103 N Templeton
2-bed 5 (total)
2185 Oxford
Studio 1
1-bed 7
Total 8
CURRENT ZONING
RM3-A
OCP DESIGNATION
Cedar Cove Residential Core Land Use
CURRENT NOI
103 N Templeton: $154,426
2185 Oxford: $128,980
CAP RATE
3.7%
LIST PRICE
$7,590,000
[/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576537324607{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"]
Schedule A Phone Consultation
[/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1581118304684{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"] Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]The CBRE National Apartment Group – BC is pleased to present the opportunity to acquire two recently renovated rental buildings located adjacent to one another at 103 N. Templeton Drive and 2185 Oxford Street in the heart of East Vancouver. Both buildings have undergone extensive renovations including: brand new roofs & flashing systems, plumbing upgrades, improved landscaping & exterior upgrades, and condo-quality suite improvements which include stainless steel appliances.
The offering represents an opportunity to acquire an excellent cash-flow producing properties with an appealing initial cap rate, minimal deferred maintenance, and future redevelopment potential under the Grandview-Woodland Community Plan.
The two buildings are situated on a 12,078 sq.ft. corner property at Oxford Street and N. Templeton Drive in the Cedar Cove sub-neighbourhood in Grandview Woodland’s Official Community Plan (OCP), which allows for redevelopment of up to 6-storeys with a maximum density of 2.4 FSR.
The Properties are being sold as a portfolio, however the vendor will consider offers on individual properties.[/vc_column_text][vc_column_text]
103 North Templeton Drive
Contemporary 5-suite rental townhouse building comprised of large 2-storey plus basement 2-bedroom suites with individual entrance ways and full size in-suite laundry;
These large townhouses have fully renovated bathrooms and kitchens, a rare and unique rental property for tenants requiring larger units;
Extremely efficient with little to no common area and individual gas and hydro meters for each unit;
In 2018, the building received a number of capital improvements, including plumbing upgrades, extensive kitchen renovations, new flooring, and new electrical breaker panels to name a few. Please download the brochure to review the full list of updates.
2185 Oxford Street
A boutique 2-storey, 8-suite rental apartment building comprised mainly of one-bed corner suites;
An efficient building with tenants paying for their own hydro and hot water, including efficient domestic hot water tanks in each suite;
Building includes common Laundry room facilities, bike storage and 5 surface-level parking spots at the rear of the building;
In 2018, the building received a number of capital improvements which include full kitchen and bathroom renovations, brand new electrical, full re-pipe of plumbing, and extensive exterior upgrades to name a few. Please download the brochure to review the full list of updates.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_empty_space height="42px"][/vc_column_inner][/vc_row_inner][vc_column_text]
Prime East Vancouver Location
[/vc_column_text][vc_single_image image="3136" img_size="full"][/vc_column][/vc_row][vc_row][vc_column width="2/3"][vc_empty_space height="52px"][vc_column_text]The Subject Properties are well located in East Vancouver's trendy Hastings-Sunrise Neighbourhood, just minutes from the eclectic area known as "Port Town", offering some of the best shops, restaurants, cafes, and craft breweries in Vancouver.
The Subject Properties are situated just minutes from Downtown Vancouver, East Hastings Street and Highway 1, providing convenient access throughout Vancouver and neighboring municipalities.
With one of the lowest vacancy rates in Metro Vancouver at 0.6% (CMHC 2018), coupled with historically high occupancy & consistent appreciation in multi-family property values, The Subject Properties offer prospective purchasers with a secure long-term investment opportunity.[/vc_column_text][/vc_column][vc_column width="1/3"][vc_single_image image="3137" img_size="full"][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="3128,3129,3130,3316,3132,3138" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/3"][vc_column_text]
LANCE COULSON
Personal Real Estate Corporation
Executive Vice President
T +1 604 662 5141
lance.coulson@cbre.com
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GREG AMBROSE
Senior Sales Associate
T +1 604 662 5178
greg.ambrose@cbre.com
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CIVIC ADDRESS
825 E8th Avenue, Vancouver, BC
AVERAGE RENT / SF
$3.18 / SF
SUITE SIZE RANGE
411 - 709 SF
SUITE MIX
Bachelor
6
One Bed
13
One Bed + Den
19
Two Bed
3
Total
41
SITE SIZE
20,130 SF
*approx & subject to verification
YEAR BUILT
1969: Updated in 2019 & 2020
STATUS
SOLD
[/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1617748246088{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}" el_class="schedule_appointment"]
Request More Information
[/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1620168175375{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"] Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]The CBRE National Apartment Group - BC has been retained by the Owner on an exclusive basis to offer the 100% interest in the “Manhattan Apartments”, a substantially renovated 3-storey plus underground parkade, 41 suite rental apartment building prominently located in Vancouver’s highly desirable Mount Pleasant neighborhood. The Manhattan Apartments is in close proximity to an abundance of tenant friendly amenities and just steps from both the VCC Clark SkyTrain Station and the future SkyTrain Station that will be situated along Great Northern Way, just a few blocks east of the intersection at 2nd & Main Street.[/vc_column_text][vc_text_separator title="Location Highlights" title_align="separator_align_left"][vc_column_text]The Manhattan Apartments is prominently located mid-block on the north side of East 8th Avenue between Prince Albert & St. Catherine’s Streets in the heart of Vancouver’s highly desirable Mount Pleasant Neighborhood. The Property is in close proximity to an excellent cross section of tenant friendly amenities including; numerous retail shops & services, a variety of local restaurants on East Broadway, Main Street & Commercial Drive and is strategically positioned within a few short blocks from the VCC Clark SkyTrain Station on Keith Drive and the future rapid transit SkyTrain Station that is to be located three blocks east of Main Street & 2nd Avenue intersection on Great Northern Way. The Manhattan Apartments enjoys a premiere location in the city with a cross section of tech, arts, parks, schools and campuses all within walking distance that provide tenants with a central and highly desirable location to call home. The immediate area has also transformed into the Tech Hub of Vancouver attracting such high profile business such as; Lululemon, Cinesite, WeWork and Hootsuite that are attracting new employment and have been the catalysts for many of the high tech new office developments that have been completed or are underway[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]
SIGNIFICANT BUILDING CAPITAL UPGRADES: The Manhattan Apartments was substantially renovated in 2019 & 2020 to a high standard with a number of significant building improvements such as: a new torch on roof, double glazed windows and sliders, deck and railing improvements and extensive plumbing upgrades that combined will minimize the requirement for any major future capital expenditures in the immediate future;
DESIRABLE MOUNT PLEASANT LOCATION: Prominently situated in the heart of the thriving Mount Pleasant neighborhood, which is highly regarded as one of Vancouver’s most desirable neighborhoods for families and young professionals. The building is within walking distance to a cross section of tenant friendly amenities, SkyTrain and an emerging technology hub that together will attract and retain quality tenants to the building for the years to come;
CONDO QUALITY FINISHES & IMPROVEMENTS: Common areas and 40 of 41 suites have been improved to condo quality standards with attractive open suite layouts that feature high end finishes, stainless steel appliances and generous sized balconies or patios.
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LANCE COULSON
Personal Real Estate Corporation
CBRE
Executive Vice President
T +1 604 662 5141
lance.coulson@cbre.com
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JOEL KERRY WASEL
Personal Real Estate Corporation
Sutton West Coast Realty
Senior Sales Executive
T +1 604-805-9786
jwasel@shaw.ca
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