We have sold 425 Twelfth Street in New Westminster. The building is a 34-unit strata titled apartment building that was offered to the market last year. The purchase price was $5,875,000, or $173,000 per unit. We achieved a premium valuation for our client as a result of the buildings age (15 years) relative to the average age of an apartment building in New Westminster (almost 50 years). Contact us for further details.
125 Agnes Street, a 19-unit apartment building in New Westminster has been sold for $2,100,000, or $110,000 / 4.5% cap rate.
Lougheed Super Centre in Coquitlam has sold for a reported $29,850,000. Anchored by Winners/ HomeSense, the 81,000-sf development is 100% leased to eight national/regional retail tenants. The deal represents a 6.4% cap rate and $370 per SF.
