FOR SALE - Macdonald Commercial
FOR SALE 53 Suite Apartment Building - Pacific West Apartments 645 9th Avenue, Campbell River, BC
R FO LE SA Campbell River
Bob Scragg
Personal Real Estate Corporation
604.290.2906
[email protected]
Macdonald Commercial Real Estate Services Ltd. 1827 West 5th Avenue, Vancouver, BC V6J 1P5 T 604.736.5611 | F 604.736.7976 www.macdonaldcommercial.com
Vancouver
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.
PACIFIC WEST APARTMENT
Description •
•
Recently renovated and upgraded 53 Suite apartment Building Front unit have tremendous views. 33 (2’s) – 14 (1’s) – 6 (studios)
•
Close to school & parks
•
Campbell River in growth mode, with SNC Lavalin contracted by BC Hydro, this year, to construct a One Billion Dollar ($1B) upgrade to the Hydro Electric Dam in Campbell River over the next 5 years
•
Vacancy low and market pressure to increase rents. There will be a shortage of rental and other housing units in Campbell River, as the SNC Lavalin contract significantly increases employment in the region over the next 5 years.
Price $4,500,000
645 9th Avenue, Campbell River, BC
0'
FLOOR PLAN
645 9th Avenue, Campbell River, BC
BALCONY 11'-11" X 3'-6"
LIVING ROOM 16'-10" X 12'-8"
DINING AREA 8'-10" X 6'-5"
4 PC. BATH
DINING AREA 8'-6" X 6'-6"
STUDIO
SCALE
ENTRY 5'-7" X 4'-3"
STORAGE 4'-11" X 4'-1"
PACIFIC WEST APARTMENTS 645 9TH AVENUE 1 BEDROOM SUITE - 676 SQ FT
0'
10'
5' SCALE
C:\Users\Matthew\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\CDFSD1F3\new company logo (2).jpg
ROOM LAYOUTS, AREAS AND DIMENSIONS ARE APPROXIMATE AND VARY BY SUITE MEASURED & DRAFTED BY PROPER MEASURE MID ISLAND
KITCHEN 8'-2" X 6'-7"
1 BEDROOM
PACIFIC WEST APARTMENTS 645 9TH AVENUE BACHELOR SUITE - 488 SQ FT
5'
4 PC. BATH
FR
ENTRY 5'-5" X 3'-5"
CLOSET/ STORAGE 8'-0" X 5'-1"
FR
KITCHEN 7'-6" X 6'-1"
LIVING ROOM 14'-11" X 11'-9"
BEDROOM 11'-6" X 12'-2"
BALCONY 12'-3" X 3'-6"
LIVING ROOM 15'-1" X 12'-2"
10' C:\Users\Matthew\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\CDFSD1F3\new company logo (2).jpg
ROOM LAYOUTS, AREAS AND DIMENSIONS ARE APPROXIMATE AND VARY BY SUITE MEASURED & DRAFTED BY PROPER MEASURE MID ISLAND
BEDROOM #2 14'-8" X 9'-7"
BEDROOM #1 14'-8" X 11'-0"
WALK-IN CLOSET FR DINING AREA 12'-2" X 8'-5"
KITCHEN 8'-1" X 8'-0"
ENTRY 5'-5" X 4'-7"
4 PC. BATH
2 BEDROOM PACIFIC WEST APARTMENTS 645 9TH AVENUE Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and with2 BEDROOM SUITE - 957 FT change in price or terms and withdrawal without notice. out offering advice, make this submission subject to prior sale SQ or lease,
645 9th Avenue, Campbell River, BC INCOME STATEMENT & RENT ROLL 645 9th Ave Rent Roll Income Statement Rent Roll Campbell River Suite # 101 102 105 106 107 108 109 110 112 114 115 201 202 203 204 205 206 207 208 209 210 211 212 214 215 301 302 303 304 305 306 307 308 309 310 311 312 314 315 401 402 403 404 405
Unit type 2 2 1 1 1 1 2 2 2 2 2 2 2 1 Studio 1 1 2 2 2 2 Studio 2 2 2 2 2 1 Studio 1 1 2 2 2 2 Studio 2 2 2 2 2 1 Studio 1
Rent Annual Gross Rental income $750 Vacancy ‐5.0% $689 Laundry Annual Income $444 $592 Annual Operating Expenses $800 Taxes $715 Insurance $664 Caretaker $750 Gas $546 Hydro Elevator Contract $700 Repair & Maintenance $750 Waste Disposal $800 Advertising $725 Licesnses $625 W, S, & G $600 Landscape & Snow Removal $650 Intercom & Telephone $638 Total Expenses $715
$740
Net Operating Income $800 $775 $587
Cap Rate Valuation Price per door
$430,680 ($21,534) $4,700 $413,846 ($55,564) ($4,000) ($30,000) ($48,000) ($5,000) ($2,600) ($21,200) ($6,500) ($3,000) ($100) ($5,000) ($400) ($500) ($181,864) $231,982 5.2% $4,500,000 $84,905.66
$603 $800 $800 $638 $715 $613 $546 $500 $625 $750 $715 $725 $800 $587 $775 $800 $800 $725 $714 $675 Although this information has been received from sources reliable, we assume no responsibility for its ac$587 deemed curacy, and without offering advice, make this submission to prior sale or lease, change in price or terms and $675 subject withdrawal without notice.
R FO LE SA Campbell River
Bob Scragg
Personal Real Estate Corporation
604.290.2906
[email protected]
Macdonald Commercial Real Estate Services Ltd. 1827 West 5th Avenue, Vancouver, BC V6J 1P5 T 604.736.5611 | F 604.736.7976 www.macdonaldcommercial.com
Vancouver
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.
PACIFIC WEST APARTMENT
Description •
•
Recently renovated and upgraded 53 Suite apartment Building Front unit have tremendous views. 33 (2’s) – 14 (1’s) – 6 (studios)
•
Close to school & parks
•
Campbell River in growth mode, with SNC Lavalin contracted by BC Hydro, this year, to construct a One Billion Dollar ($1B) upgrade to the Hydro Electric Dam in Campbell River over the next 5 years
•
Vacancy low and market pressure to increase rents. There will be a shortage of rental and other housing units in Campbell River, as the SNC Lavalin contract significantly increases employment in the region over the next 5 years.
Price $4,500,000
645 9th Avenue, Campbell River, BC
0'
FLOOR PLAN
645 9th Avenue, Campbell River, BC
BALCONY 11'-11" X 3'-6"
LIVING ROOM 16'-10" X 12'-8"
DINING AREA 8'-10" X 6'-5"
4 PC. BATH
DINING AREA 8'-6" X 6'-6"
STUDIO
SCALE
ENTRY 5'-7" X 4'-3"
STORAGE 4'-11" X 4'-1"
PACIFIC WEST APARTMENTS 645 9TH AVENUE 1 BEDROOM SUITE - 676 SQ FT
0'
10'
5' SCALE
C:\Users\Matthew\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\CDFSD1F3\new company logo (2).jpg
ROOM LAYOUTS, AREAS AND DIMENSIONS ARE APPROXIMATE AND VARY BY SUITE MEASURED & DRAFTED BY PROPER MEASURE MID ISLAND
KITCHEN 8'-2" X 6'-7"
1 BEDROOM
PACIFIC WEST APARTMENTS 645 9TH AVENUE BACHELOR SUITE - 488 SQ FT
5'
4 PC. BATH
FR
ENTRY 5'-5" X 3'-5"
CLOSET/ STORAGE 8'-0" X 5'-1"
FR
KITCHEN 7'-6" X 6'-1"
LIVING ROOM 14'-11" X 11'-9"
BEDROOM 11'-6" X 12'-2"
BALCONY 12'-3" X 3'-6"
LIVING ROOM 15'-1" X 12'-2"
10' C:\Users\Matthew\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\CDFSD1F3\new company logo (2).jpg
ROOM LAYOUTS, AREAS AND DIMENSIONS ARE APPROXIMATE AND VARY BY SUITE MEASURED & DRAFTED BY PROPER MEASURE MID ISLAND
BEDROOM #2 14'-8" X 9'-7"
BEDROOM #1 14'-8" X 11'-0"
WALK-IN CLOSET FR DINING AREA 12'-2" X 8'-5"
KITCHEN 8'-1" X 8'-0"
ENTRY 5'-5" X 4'-7"
4 PC. BATH
2 BEDROOM PACIFIC WEST APARTMENTS 645 9TH AVENUE Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and with2 BEDROOM SUITE - 957 FT change in price or terms and withdrawal without notice. out offering advice, make this submission subject to prior sale SQ or lease,
645 9th Avenue, Campbell River, BC INCOME STATEMENT & RENT ROLL 645 9th Ave Rent Roll Income Statement Rent Roll Campbell River Suite # 101 102 105 106 107 108 109 110 112 114 115 201 202 203 204 205 206 207 208 209 210 211 212 214 215 301 302 303 304 305 306 307 308 309 310 311 312 314 315 401 402 403 404 405
Unit type 2 2 1 1 1 1 2 2 2 2 2 2 2 1 Studio 1 1 2 2 2 2 Studio 2 2 2 2 2 1 Studio 1 1 2 2 2 2 Studio 2 2 2 2 2 1 Studio 1
Rent Annual Gross Rental income $750 Vacancy ‐5.0% $689 Laundry Annual Income $444 $592 Annual Operating Expenses $800 Taxes $715 Insurance $664 Caretaker $750 Gas $546 Hydro Elevator Contract $700 Repair & Maintenance $750 Waste Disposal $800 Advertising $725 Licesnses $625 W, S, & G $600 Landscape & Snow Removal $650 Intercom & Telephone $638 Total Expenses $715
$740
Net Operating Income $800 $775 $587
Cap Rate Valuation Price per door
$430,680 ($21,534) $4,700 $413,846 ($55,564) ($4,000) ($30,000) ($48,000) ($5,000) ($2,600) ($21,200) ($6,500) ($3,000) ($100) ($5,000) ($400) ($500) ($181,864) $231,982 5.2% $4,500,000 $84,905.66
$603 $800 $800 $638 $715 $613 $546 $500 $625 $750 $715 $725 $800 $587 $775 $800 $800 $725 $714 $675 Although this information has been received from sources reliable, we assume no responsibility for its ac$587 deemed curacy, and without offering advice, make this submission to prior sale or lease, change in price or terms and $675 subject withdrawal without notice.
