Calgary apartment complex sold for $8.7M

The 60-unit property sold for approximately $145,000 per suite

By
for Western Investor
October 1, 2018





hastings apartments
 
An apartment complex in Calgary has sold for $8.7 million, CBRE Edmonton reports. 
 
The 60-unit Hastings Apartments sold for approximately $145,000 per suite. The sale was completed on September 28, 2018.
 
The property is located at 7719 Elbow Dr. SW, Calgary. 
 

Breakdown:

 
Price: $8,700,000
No. of Units: 60
Price/Unit: $145,000
Property Type: Multi-family 
Date of Sale: 09/28/2018
City: Calgary    
Province: B.C. 
Name of Brokerage: CBRE Edmonton
 
 
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Bradley Gingerich is senior managing director of investments at IPA, a division of Marcus and Millichap.

Institutional Property Advisors
Suite 3400, 10180 101 Street
Edmonton, AB T5J 3S4
Direct: 587-756-1575

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