William Wright Commercial and the CBRE National Apartment Group – BC are pleased to present the unique opportunity to acquire The Sunoka Apartments located at 6203
Willow Avenue in the heart of Summerland, British Columbia.

The Sunoka Apartments include 25-units in 2-separate buildings. The property was developed by the current owners in 2008 and have been fully leased for a majority of this timeframe with healthy market turnover which has assisted the building in achieving strong growth in rental income.

This is a rare opportunity to acquire a newer apartment building well located just minutes
from Downtown Summerland and walking distance to Lake Okanagan. The location of the property along with the limited amount of rental competition in Summerland make
this one of the most sought-after investment opportunities in the area.

Further detailed information on this excellent opportunity can be acquired by signing a Confidentiality Agreement and connecting with our team.

+ LIMITED COMPETITION: Summerland has very limited supply of rental buildings making this one of the most desirable buildings in the city.
+ NEWER CONSTRUCTION: The Sunoka Apartments was constructed in 2008 and its newer vintage allows for limited CapEx requirements in comparison to that of an older building.
+ FULLY TENANTED APARTMENT BUILDING: The Sunoka Apartment building attracts and retains quality tenants with little vacancy and a waiting list.
+ LOW MAINTENANCE COSTS: The building has very little common areas resulting in very low maintenance costs.
+ OPPORTUNITY TO ASSEMBLY: Opportunity to acquire the neighbouring Summerland Motel creating a large 1.37 Acre site with future redevelopment potential.
+ RENTAL RATE UPSIDE: The Okanagan Valley and Summerland have seen consistent rental rate increases over the past 5+ years.