Multifamily
941 7th St
941 7th St, Kamloops, BC V2B 2W7
Listing Price: $14,750,000
Investment Overview
The McEvay | Blair Multifamily Group and Marcus & Millichap are pleased to present investors with the exclusive opportunity to purchase 100% freehold interest in Copperview Suites, a brand new, 54 unit, strata-titled rental apartment building located on Kamloops’ North Shore. The 2021-built 5-storey multifamily asset constructed by a local, reputable developer is designated for tenants age 55 and over; a severely under-served demographic in Kamloops. Lease-up of the property was successfully completed in December with full occupancy at rents just below $3 per square foot. The feverish demand and low supply of these type of rental units in Kamloops will result in consistent rental rates and secure cash flow. The asset is strategically located directly across the street from Fortune Shopping Centre, an amenity rich complex with Safeway, BMO, and Dollarama, and Starbucks, steps from the front door of Copperview.
941 7th St
Investment Highlights
- Brand new construction built in 2021 by a reputable Kamloops-based developer
- Suites offer excellent layouts, all with full appliance packages (including insuite laundry), air conditioning and balconies
- Large secured above-ground parkade with 22 stalls and there are also 11 surface stalls available
Exclusively Listed By
Listing Price: $14,750,000
Investment Highlights
- Brand new construction built in 2021 by a reputable Kamloops-based developer
- Suites offer excellent layouts, all with full appliance packages (including insuite laundry), air conditioning and balconies
- Large secured above-ground parkade with 22 stalls and there are also 11 surface stalls available
Investment Overview
The McEvay | Blair Multifamily Group and Marcus & Millichap are pleased to present investors with the exclusive opportunity to purchase 100% freehold interest in Copperview Suites, a brand new, 54 unit, strata-titled rental apartment building located on Kamloops’ North Shore. The 2021-built 5-storey multifamily asset constructed by a local, reputable developer is designated for tenants age 55 and over; a severely under-served demographic in Kamloops. Lease-up of the property was successfully completed in December with full occupancy at rents just below $3 per square foot. The feverish demand and low supply of these type of rental units in Kamloops will result in consistent rental rates and secure cash flow. The asset is strategically located directly across the street from Fortune Shopping Centre, an amenity rich complex with Safeway, BMO, and Dollarama, and Starbucks, steps from the front door of Copperview.
Exclusively Listed By
