Edmonton Multifamily Portfolio
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Edmonton Multifamily Portfolio
4 Multifamily Properties in Edmonton, AB
Investment Highlights
- Mix of 2 bachelor suites, 68 one-bedroom, 34 two-bedroom, and 6 three-bedroom, totalling 110 rental suites.
- Excellent opportunity to renovate suites upon resident turnover to further increase average rental rates.
- Each Property is located in an excellent location, with an abundance of amenities, transit, and arterial roadways nearby.
- Rents at the Properties are currently below market, and there is overall 22% upside available across the Portfolio.
- A rare opportunity that enables a potential purchaser to acquire a sizable interest in Edmonton’s multifamily market.
Executive Summary
Jones Lang LaSalle Real Estate Services, Inc. (“JLL” and/or the “Advisor”) is pleased to offer for sale a 100% freehold interest in a portfolio comprised of four, low-rise multifamily properties totalling 110 residential rental suites in Edmonton, Alberta, referred to herein as Edmonton Multifamily Portfolio (collectively, the “Portfolio”, the “Properties”, or individually, the “Property”).
The Properties for sale are as follows:
Spanish Monarch: 9825 - 25 Avenue NW, Edmonton
Cedarstone Place: 10152 - 158 Street NW, Edmonton
Cedarstone Manor: 10130 - 159 Street NW, Edmonton
Barrymore Apartments: 11042 - 128 Street NW, Edmonton
Prospective Purchasers have the opportunity to acquire individual, multiple, or the Portfolio in its entirety. The Property may be acquired free and clear of existing financing, which allows prospective purchasers to source new debt in an attractive interest rate environment.
The Properties for sale are as follows:
Spanish Monarch: 9825 - 25 Avenue NW, Edmonton
Cedarstone Place: 10152 - 158 Street NW, Edmonton
Cedarstone Manor: 10130 - 159 Street NW, Edmonton
Barrymore Apartments: 11042 - 128 Street NW, Edmonton
Prospective Purchasers have the opportunity to acquire individual, multiple, or the Portfolio in its entirety. The Property may be acquired free and clear of existing financing, which allows prospective purchasers to source new debt in an attractive interest rate environment.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 103,572 SF |
| Number of Properties | 4 | Total Land Area | 1.47 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 103,572 SF |
| Total Land Area | 1.47 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Barrymore Apartments
11042 128th St NW, Edmonton, AB T5M 0W6 |
Multifamily | 20,949 SF | 1990 | - |
|
Cedarstone Place
10152 158th St NW, Edmonton, AB T5P 2X8 |
Multifamily | 27,688 SF | 1981 | - |
|
Cedarstone Manor
10130 159 St NW, Edmonton, AB T5P 2Z9 |
Multifamily | 27,592 SF | 2012 | - |
|
The Spanish Monarch
9825 82 Av NW, Edmonton, AB T6E 1Y7 |
Multifamily | 27,343 SF | 1970 | - |
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