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Penticton 31-unit rental apartment building worth $4.8 million

The sale price represents a per-suite price of $155,645 and a capitalization rate of 5.7 per cent.
Western Investor Staff
JLL Capital Markets Penticton sale
James Blair, Patrick McEvay, JLL Capital Markets for Western Investor

Type of property: Multi-family rental

Location: 669 Martin Street, Penticton, B.C.

Number of units: 31

Land size: 21, 780 square feet

Date of sale: June, 2020

Sale price: $4.82 million

Brokerage: JLL Capital Markets, multifamily,  Vancouver

Brokers: James Blair, Patrick McEvay