Edmonton loft apartments sold for $47M

The 176-unit complex sold for approximately $267,045 per suite

By
for Western Investor
September 6, 2018





vibe lofts
 
A 147-unit apartment complex in Edmonton has sold for $47 million, CBRE tells Western Investor. 
 
The Vibe Lofts sold for approximately $267,045 per suite on August 27, 2018. 
 
The property is located at 10620 116 St. NW, Edmonton. 
 

Breakdown: 

 
Price: $47,000,000
No. of Units: 176 
Price/Unit: $267,045
Property Type: Multi-family 
Date of Sale: 08/27/2018
City: Edmonton    
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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