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Edmonton 396-suite rental building sells for $231K per door

The new multi-family tower sold on August 8, 2023, for $91.6 million
121-west
Marcus & Millichap Institutional Property Advisors (IPA), Edmonton, for Western Investor

Property type: Multi-family rental

LocatIon: 10506 121 Street, Edmonton, AB

Number of suites: 396

Property size: 257,172 square feet

Date of sale: August 8, 2023

Price: $91.6 million

Brokerage: Marcus & Millichap Institutional Property Advisors (IPA), Edmonton, AB

Brokers: Bradyn Arth and Bradley Gingerich, leads on the IPA team.