6203 Willow Av - Apartments FOR SALE


Summerland, BC V0H 1Z4
$6,750,000 CAD
604-358-6161

NO PHOTO

$6,750,000 CAD
Apartments - FOR SALE
null | 4.76% Cap Rate

6203 Willow Av
Summerland, BC V0H 1Z4


HIGHLIGHTS

  • Limited Competition
  • Newer Construction
  • Fully Tenanted Apartment Building
  • Low Maintenance Costs
  • Opportunity to Assembly
  • Rental Rate Upside

OVERVIEW

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. DRIVE TIMES 3 Mins 10 Mins 15 Mins Downtown Summerland Penticton Penticton Airport 20 Mins Peachland 30 Mins West Kelowna 45 Mins 4 Hrs Downtown Kelowna Vancouver 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.

FOR SALE DETAILS

PRICE

$6,750,000 CAD

PRICE/SF

$653 CAD /SF

# OF UNITS

25

PRICE/UNIT

$270,000

CAP RATE

4.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunoka Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,232 SF

ZONING

RHD

APN/PARCEL ID

031-662-277

ASK ABOUT THIS PROPERTY

Greg AmbroseCBRE, LimitedMore Info
604-358-6161

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Greg AmbroseCBRE, LimitedMore Info
604-358-6161

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