ADDRESS | 5363 201 Street, Langley, BC |
YEAR BUILT | 2017 |
# OF UNITS | 90 |
SITE SIZE | 47,916 SF |
SALE DATE | Aug. 2018 |
SALE PRICE | $33,000,000 |
DEAL TYPE | Sale upon building stabilization |
PURCHASER | Institutional Investor |
ADDRESS | 5363 201 Street, Langley, BC |
YEAR BUILT | 2017 |
# OF UNITS | 90 |
SITE SIZE | 47,916 SF |
SALE DATE | Aug. 2018 |
SALE PRICE | $33,000,000 |
DEAL TYPE | Sale upon building stabilization |
PURCHASER | Institutional Investor |
Newly-constructed 5-storey wood-frame, 90-Suite purpose-built rental apartment building off 201 Street and 53A Avenue in Langley, BC.
Abundance of appealing amenities such as secured underground parking, outdoor playground area, bike storage, meeting room, fitness centre, entertainment room and theatre room.
The Meridian Apartments was completed, fully leased, and had operated for a full year at the time of the sale.
CBRE National Apartment Group – BC sourced the end-buyer, assisted both the Vendor and buyer throughout the comprehensive valuation, negotiation and due diligence process, and ultimately brokered the sale of the property between a local developer and one of Canada’s largest residential landlords
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