201-514 941 7th Street, Out of Town, BC

$13,250,000

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26,024

Square feet

0.51

Acres

About 201-514 941 7th Street

The McEvay I Blair Multifamily Group of Marcus & Millichap are pleased to present investors with the exclusive opportunity to purchase 100% freehold interest in Copperview Suites, a newly constructed 54 unit, strata-titled rental apartment building located on Kamloops' North Shore. The 2021-built 5-storey multifamily asset constructed by a local, reputable developer is designated for tenants age 55 and over; a severely under-served demographic in Kamloops. The Property is professionally managed and pride of ownership is evident throughout resulting in market-leading lease rates of over $3 per square foot. The feverish demand and low supply of these types of rental units in Kamloops will provide an investor with consistent rental rates and secure cash flow. The asset is strategically located directly across the street from Fortune Shopping Centre, an amenity-rich complex with Safeway, BMO, Dollarama, and Starbucks just steps from the front door of Copperview.

Features of 201-514 941 7th Street

MLS® # C8056944
Price $13,250,000
Square Footage 26,024
Acres 0.51
Type Multi-Family Commercial
Status ACTIVE

Community Information

Address 201-514 941 7th Street
Subdivision Out of Town
City Out of Town
Province BC
Postal Code V2B 0K3

Amenities

Is Waterfront No

Listing Details

OfficeMarcus & Millichap

Listing Map

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