The Standard
Vancouver, British Columbia
Building
Stats
- Property Type Multifamily - Mid-Rise
- Year built 2013
- Building size (SF) 36,425
- Size (Ac) 0.21
Overview
Acquire a high performing and well-maintained micro-suite apartment building in the heart of Downtown Vancouver with well below-market assumable financing
Highlights
Exceptionally well-maintained and managed building with minimal capital expenditures
Ability to increase revenue as the property is predominantly leased to students and shorter term tenants providing higher turnover and ability to increase rents quickly
Very attractive assumable financing of $29.9 million at 1.57% with more than 7 years of term remaining
Excellent, transit-oriented location in Downtown Vancouver’s the vibrant Granville Entertainment District
High-quality furnished micro-suites minimize vacancy during turnover
