Avison Young is pleased to present the opportunity to acquire Hammond Tower, an 89-unit concrete high-rise rental apartment building in Prince George, BC. The Property is institutionally owned, managed and upgraded with convenient access to Highway 16 & 97, Spruceland & Pine Centre Shopping Malls and educational hubs such as UNBC and College of New Caledonia. The Property has a 5.60% stabilized cap rate and features significant rental upside with current rents below market and strong additional revenue from parking, laundry and telecom. This offering presents an investor a remarkable opportunity to acquire superb scale in a highly desirable rental market. (Environmental: no further investigation required. Financing: assumable CMHC debt available or treat as clear title. Ownership status: asset sale) (35582057)
Property Type
Multi-family
Time on REALTOR.ca
37 days
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