Done Deals highlights: February 2020

Our top commercial real estate transactions from Western Investor's latest print edition

By
Western Investor
February 4, 2020





DD Addison Winnipeg multifamily portfolio

Below are highlights of the Done Deals in Western Investor's February print edition. Click through to the DEAL live link for more information and images.

 

FROM | Marcus & Millichap, Edmonton. Marcus & Millichap agents Bradley Gingerich, Paul Chaput, Bradyn Arth and Jane Woertman report the following:

DEAL Multi-family rental portfolio of four buildings with a combined 321 units, Winnipeg. Price: $71.6 million.

DEAL | Two-building multi-family rental portfolio on 96A Avenue NW and 163 Street NW, Edmonton, with a combined 60 units. Price: $8.5 million.

DEAL Mixed-use, multi-family complex with 10 units of ground-floor retail, Jasper Avenue, Edmonton. Price: $100 million.

DEAL | 105-unit multi-family rental building, Ellerslie Road, Edmonton. Price: $31.5 million.

DEAL | New 43-unit multi-family rental property, 31A Street, Vernon, B.C. Price: $9.49 million. 

 

FROM | Colliers International. Colliers agents Ken Cloak, Grant Evans and Dominic Ricciuti report the following:

DEAL | New 95-unit rental apartment building, Boleskine Road, Victoria. Sold at a 4.25 per cent capitalization rate. Price: $32.7 million. 

Colliers agents Kevin Luc, William Maunsell and Matt Saunders report the following:

DEAL | Mixed-use property with 24 rental apartments and eight retail units, Kingsway Avenue, Vancouver, sold for $300,000 above assessed value. Price: $9.3 million. 

 

FROM | Goodman Commercial Inc. Vancouver. Goodman agents Mark Goodman and Cynthia Jagger report the following:

DEAL | 69-year-old, 10-suite, three-floor rental apartment building, West 12th Avenue, Vancouver, sold for redevelopment at a capitalization rate of 2.9 per cent. Price: $5.98 million.

 

FROM | Klein Group, Royal LePage Commercial, Vancouver. Royal LePage agent Eugen Klein reports the following:

DEAL | 23-pad manufactured home park, Perkins Road, Campbell River, B.C. Price: $1.2 million.

 

FROM | Re/Max Excellence, Edmonton. Re/Max agent Dale James reports the following:

DEAL | Retail property of 26,874 square feet on 1.37 acres, corner of 97 Street and 125-A Avenue NW, Edmonton. Price: $3.4 million.

 

FROM | William Wright Commercial, Vancouver. William Wright agents Will Hall and Corey Wright report the following:

DEAL | Commercial site with an office building on 34,696-square-foot lot, New Westminster, with prospect of multi-use development. Price: $16 million.

 

FROM | Imperial Equities Inc. Edmonton. Imperial Equities reports on this acquisition:

DEAL | 37,200-square-foot industrial building, Nisku Industrial Park, Nisku, Alberta. Price: $6.67 million.


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