Georgia Avenue Apartments for Sale
Asking Price: $8,900,000 Call André to discuss your best opening offer!
Price per Suite: $329,629 Pro-forma Cap Rate: 4.5%New construction built on .8 acres with occupancy targeted for fall of 2019 27 suites with 10 one bedrooms, 9 one bedroom plus den, 8 two bedroomsGross building area: 27,217 sq.ft. Net rentable area: 21,903 sq.ft.Rental value: $1.80 to $2.10 per sq.ft. Operating expenses estimated at 20%Would you like to discuss writing an "Offer to Purchase" Georgia Avenue Apartments and/or do you require more information and advice before deciding? Call André at 250-940-2713