Property Case Study

The Fusion

SUMMARY

ADDRESS 13555 96 Avenue, Surrey, BC
YEAR BUILT 2018
# OF UNITS 146
SITE SIZE 49,901 SF
SALE DATE Sept 2019
SALE PRICE $56,000,000
DEAL TYPE Sale upon partial stabilization
PURCHASER Institutional Investor

TRANSACTION DETAILS

Brand new 6-storey wood-frame, 146-unit purpose-built rental apartment building located on 96 Avenue just west of King George Blvd.

This condo-spec luxury apartment building offers an abundance of amenities including: 3 levels of secured underground parking, out-of-suite storage, bicycle storage, fully equipped fitness centre, rooftop terrace, entertainment lounge and a dog-run area.

The Fusion is situated in the heart of Surrey’s thriving City Centre with close access to the King George SkyTrain station, Surrey Memorial Hospital, and Fraser Highway.

CBRE National Apartment Group – BC provided consultation services to the Vendor and advised on potentially achievable sale values for the property in the marketplace, which ultimately resulted in the successful sale of the building to a national institutional investor.”