281 Holdom Ave - Apartments FOR SALE


Burnaby, BC V5B 3T9
$27,000,000 CAD
604-640-5871
281 Holdom Ave, Burnaby, BC for Sale
$27,000,000 CAD
Apartments - FOR SALE
1/1
null | Request Cap Rate

281 Holdom Ave
Burnaby, BC V5B 3T9


HIGHLIGHTS

  • Scaled Investment Opportunity
  • Never Been Sold
  • Strategic Location
  • Proximity to Simon Fraser University
  • Considerable Income Growth Potential
  • History of Building Upgrades & Thoughtfully Designed Unit Plans

OVERVIEW

Cushman and Wakefield ULC is pleased to present to the investment market on an exclusive basis on behalf of the Vendor, a 100% freehold interest in 281 Holdom Avenue, Burnaby, BC (the “Property). Otherwise known as Holdom Place, the 90-suite rental building is underpinned by a sprawling 1.7-acre lot. The Property’s suite mix comprises a healthy mix of 41 one-bedroom, 44 two-bedroom, and 5 three-bedroom units. Holdom Place features larger than typical suite sizes boasting an average of 763 square feet for a total net rentable area of 68,645 square feet. The four-storey, wood-framed building was constructed in 1973 by the property’s current ownership group and has since been asset and property managed by the same.

FOR SALE DETAILS

PRICE

$27,000,000 CAD

PRICE/SF

$225 CAD /SF

# OF UNITS

90

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holdom Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,260 SF

ZONING

RM-3

APN/PARCEL ID

006-497-985

ASK ABOUT THIS PROPERTY

David VenanceCushman & WakefieldMore Info
604-640-5871

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David VenanceCushman & WakefieldMore Info
604-640-5871

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.