A 150-unit concrete apartment building called "The Beverley" in New Westminster, built in 2018, has sold to a private investor for $42 million, reports Avison Young's Vancouver office. The sale price is the equivalent of $280K per suite.
Property type: Multi-family rental building
Number of units: 150
Property location: 508 Agnes Street, New Westminster, B.C.
Property size: 17,411 square feet
Number of storeys: 19
Year built: 2018
Sale price: $42 million
Brokerage: Avison Young, Vancouver
Brokers: Carey Buntain, Rob Greer, Bijan Lalji, Chris Wieser