VANCOUVER West 6th West 7th
910 West 6th
917 West 7th
AVENUE Kids & Company Daycare
AVENUE Laurel Park Apartments
VANCOUVER NEW PRICE $22,880,000 CAP RATE 4.64%
Patrick McEvay | Personal Real Estate Corporation | 604.267.2455 | [email protected] Patrick McEvay | Bill Goold | Ray Townsend | James Blair | David Venance | Margaret Zheng
Laurel Park
APARTMENTS 917 West 7th Avenue
PROPERTY DETAILS NEIGHBOURHOOD
Fairview
PROPERTY IDENTIFIER
007-339-976
ZONING
FM-1 Multifamily Dwelling
SUITE MIX
50 Residential Units: 27 - Bachelor 13 - One Bedroom 10 - Two Bedroom
BALCONIES/PATIOS
Yes - All Suites
PARKING
50 Secure Underground Stalls
LOT SIZE
27,584 square feet
YEAR BUILT
1977
Kids & Company DAYCARE
910 West 6th Avenue
PROPERTY DETAILS NEIGHBOURHOOD
Fairview
PROPERTY IDENTIFIERS
007-339-941
ZONING
FM-1 Multifamily Dwelling
1 COMMERCIAL BUILDING
20,000 square feet (gross) 9,238 square feet (indoor space)
PARKING
20 Secured Underground Stalls
LOT SIZE
20,409 square feet
YEAR BUILT
1977
THE OPPORTUNITY Unique opportunity to purchase two adjacent, top quality income producing properties in a strategic, transit-oriented location in Vancouver’s coveted West Side. The Properties offer exceptional and secure cash flow, and strong growth in a thriving market.
HIGHLIGHTS •
50 fully renovated upscale apartments offering outdoor balconies and spectacluar views from all units on the north side of the building
•
Abundance of secure underground parking contributing to the excelptional cash flow produced from the residential portion of this investment
•
Common areas and mechanical systems have been meticulously maintained and upgraded
•
The daycare operation is a state of the art facility, accommodating over 100 children, and enjoys a long waiting list of applicants
•
Millions of dollars were spent over the past 5 years upgrading all facets of the daycare to an institutional quality
•
The secure areas are custom designed for kids to spend time outdoors in an urban location
•
Kids & Company daycare is one of the best and most sought after facilities in Vancouver
•
A number of future upside opportunities to explore
•
Favourable ground lease with the City of Vancouver matures in 2057
•
The combined properties cover an acre of primely located land
•
Proven upside: some units with below market rent
VALUE BREAKDOWN
CAP RATE NET INCOME ASKING PRICE VALUE/UNIT
COMBINED
RESIDENTIAL
COMMERCIAL
4.64% $1,061,511 $22,880,000 $477/sq.ft. of land
4.64% $576,711 $12,430,531 $248,611/residential unit
4.64% $484,800 $10,449,469 $522/rentable sq.ft.
Laurel Park Apartments Kids & Company Daycare
LOCATION •
Ideal location in Vancouver’s coveted West Side
•
Proximity to multiple main transit corridors along Granville Street, Cambie Street, and West Broadway offering easy access to the Canada Line SkyTrain and Aquabuses
•
Charleson Park, located a 3 minute walk from the Property, provides access to the scenic Sea Wall, which leads to the world famous Granville Island Public Market and shopping peninsula.
For additional information, please contact PATRICK McEVAY. A Confidential Information Memorandum and Due Diligence package is available to those who sign a Confidentiality Agreement available through Bill Goold Realty.
Patrick McEvay, PREC 604.267.2455 | [email protected] RE/MAX Bill Goold Realty | 410 North Tower | 650 West 41st Avenue | Vancouver, BC | V5Z 2M9 | billgooldrealty.com Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness. This communication is not intended to cause or induce breach of an existing agency agreement.
917 West 7th
AVENUE Kids & Company Daycare
AVENUE Laurel Park Apartments
VANCOUVER NEW PRICE $22,880,000 CAP RATE 4.64%
Patrick McEvay | Personal Real Estate Corporation | 604.267.2455 | [email protected] Patrick McEvay | Bill Goold | Ray Townsend | James Blair | David Venance | Margaret Zheng
Laurel Park
APARTMENTS 917 West 7th Avenue
PROPERTY DETAILS NEIGHBOURHOOD
Fairview
PROPERTY IDENTIFIER
007-339-976
ZONING
FM-1 Multifamily Dwelling
SUITE MIX
50 Residential Units: 27 - Bachelor 13 - One Bedroom 10 - Two Bedroom
BALCONIES/PATIOS
Yes - All Suites
PARKING
50 Secure Underground Stalls
LOT SIZE
27,584 square feet
YEAR BUILT
1977
Kids & Company DAYCARE
910 West 6th Avenue
PROPERTY DETAILS NEIGHBOURHOOD
Fairview
PROPERTY IDENTIFIERS
007-339-941
ZONING
FM-1 Multifamily Dwelling
1 COMMERCIAL BUILDING
20,000 square feet (gross) 9,238 square feet (indoor space)
PARKING
20 Secured Underground Stalls
LOT SIZE
20,409 square feet
YEAR BUILT
1977
THE OPPORTUNITY Unique opportunity to purchase two adjacent, top quality income producing properties in a strategic, transit-oriented location in Vancouver’s coveted West Side. The Properties offer exceptional and secure cash flow, and strong growth in a thriving market.
HIGHLIGHTS •
50 fully renovated upscale apartments offering outdoor balconies and spectacluar views from all units on the north side of the building
•
Abundance of secure underground parking contributing to the excelptional cash flow produced from the residential portion of this investment
•
Common areas and mechanical systems have been meticulously maintained and upgraded
•
The daycare operation is a state of the art facility, accommodating over 100 children, and enjoys a long waiting list of applicants
•
Millions of dollars were spent over the past 5 years upgrading all facets of the daycare to an institutional quality
•
The secure areas are custom designed for kids to spend time outdoors in an urban location
•
Kids & Company daycare is one of the best and most sought after facilities in Vancouver
•
A number of future upside opportunities to explore
•
Favourable ground lease with the City of Vancouver matures in 2057
•
The combined properties cover an acre of primely located land
•
Proven upside: some units with below market rent
VALUE BREAKDOWN
CAP RATE NET INCOME ASKING PRICE VALUE/UNIT
COMBINED
RESIDENTIAL
COMMERCIAL
4.64% $1,061,511 $22,880,000 $477/sq.ft. of land
4.64% $576,711 $12,430,531 $248,611/residential unit
4.64% $484,800 $10,449,469 $522/rentable sq.ft.
Laurel Park Apartments Kids & Company Daycare
LOCATION •
Ideal location in Vancouver’s coveted West Side
•
Proximity to multiple main transit corridors along Granville Street, Cambie Street, and West Broadway offering easy access to the Canada Line SkyTrain and Aquabuses
•
Charleson Park, located a 3 minute walk from the Property, provides access to the scenic Sea Wall, which leads to the world famous Granville Island Public Market and shopping peninsula.
For additional information, please contact PATRICK McEVAY. A Confidential Information Memorandum and Due Diligence package is available to those who sign a Confidentiality Agreement available through Bill Goold Realty.
Patrick McEvay, PREC 604.267.2455 | [email protected] RE/MAX Bill Goold Realty | 410 North Tower | 650 West 41st Avenue | Vancouver, BC | V5Z 2M9 | billgooldrealty.com Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness. This communication is not intended to cause or induce breach of an existing agency agreement.
