Multifamily
Copperview Suites
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. The Property is professionally managed and pride of ownership is evident throughout resulting in market-leading lease rates of over $3 per square foot. The feverish demand and low supply of these types of rental units in Kamloops will rprovide an investor with 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, Dollarama, and Starbucks just steps from the front door of Copperview.
Copperview Suites
Investment Highlights
- Suites offer excellent layouts, all with full appliance packages (including in-suite laundry), air conditioning and balconies.
- High demand rental units resulting in a blended rent-per-square foot of $3.07.
- Outdoor top-floor amenity space is available to tenants along with a ground floor space with kitchen and bathroom. There is also a room for scooter parking and additional storage.
- Centrally located just steps away from the grocery-anchored shopping complex, Fortune Shopping Centre, and transit services.
- Strata-titled units provide flexibility for the investment in the future.
- Brand new construction built in 2021 by a reputable Kamloops-based developer.
- Large secured above-ground parkade with 22 stalls. There are also 11 surface stalls available, all for an additional fee for tenants.
- Storage lockers are available for all tenants and storage locker rooms are located on each floor for easy accessibility.
Exclusively Listed By
Listing Price: $14,750,000
Investment Highlights
- Suites offer excellent layouts, all with full appliance packages (including in-suite laundry), air conditioning and balconies.
- High demand rental units resulting in a blended rent-per-square foot of $3.07.
- Outdoor top-floor amenity space is available to tenants along with a ground floor space with kitchen and bathroom. There is also a room for scooter parking and additional storage.
- Centrally located just steps away from the grocery-anchored shopping complex, Fortune Shopping Centre, and transit services.
- Strata-titled units provide flexibility for the investment in the future.
- Brand new construction built in 2021 by a reputable Kamloops-based developer.
- Large secured above-ground parkade with 22 stalls. There are also 11 surface stalls available, all for an additional fee for tenants.
- Storage lockers are available for all tenants and storage locker rooms are located on each floor for easy accessibility.
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. The Property is professionally managed and pride of ownership is evident throughout resulting in market-leading lease rates of over $3 per square foot. The feverish demand and low supply of these types of rental units in Kamloops will rprovide an investor with 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, Dollarama, and Starbucks just steps from the front door of Copperview.
Exclusively Listed By
