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Brand New First
Class 94 Suite Rental
Apartment Building in
the Greater Victoria Area
STATION STREET APARTMENTS
2885 JACKLIN ROAD
LANGFORD, BC
CUSHMAN & WAKEFIELD LTD.
FOR SALE
PETER GIBSON
SENIOR VICE PRESIDENT
CAPITAL MARKETS GROUP
604.640.5830
[email protected]
Suite 700 - 700 W Georgia St PO Box 10023, Pacific Centre Vancouver, BC V7Y 1A1 604.683.3111 1.877.788.3111 www.cushmanwakefield.com
STATION STREET APARTMENTS, CITY OF LANGFORD, BC
Brand new 94 Suite Purpose Built Rental Apartment Building
OPPORTUNITY
Station Street Apartments is a brand new 4 storey multi-family apartment rental building located in Langford in the Greater Victoria area.
Expected occupancy is slated for May 2015. The building features 58 one bedroom suites, 22 two bedroom suites, 12 studio apartments and 2
two bedroom/den suites. The project has been built by a highly reputable builder to the highest standards.
LOCATION
Station Street is located at 2885 Jacklin Road, on the northeast corner of Station Avenue and Jacklin Road in Langford, and is ideally located
directly across the street from Westshore Town Centre Mall, which is the hub of every type of retailer, providing easy shopping and entertainment
to the area.
The Property is located right on the decommissioned E&N Railway, which now serves as the E&N Rail Trail, the Capital Region District’s newest
pedestrian and bicycle thoroughfare. Public transit is literally right at your doorstep with a commute time to downtown Victoria in under 20 minutes.
LEGAL DESCRIPTION
PID: 029-271-975
Lot A Section 73 Esquimalt District Plan EPP30764
SITE AREA
1.37 acres
GROSS LEASABLE AREA
67,398 sf
ZONING
C-8 Community Town Centre Pedestrian
PARKING
99 parking stalls
PROPERTY TAXES
$107,960
PROJECTED STABILIZED NET INCOME
$1,016,470 (3.0% vacancy allowance)
CAP RATE
5.0%
ASKING PRICE
$20,325,000 (Held in Bare Trust - Shares Available)
FINANCING
Clear title
10 YEAR LEVERAGED IRR
16.28%
YIELD
Year 1 cash on cash yield: 5.68%
PRINCIPAL REDUCTION
Year 1 cash + principal reduction: 12.18%
FOR
SALE
AMENITIES
IN-SUITE WASHER AND DRYER
Station Street Apartments offers in-suite washer and dryer so you can conveniently do
your laundry in your own home.
STAINLESS STEEL DISHWASHER AND APPLIANCES
The kitchen is equipped with stainless steel appliances: refrigerator, dishwasher, self-cleaning
oven and large stainless steel sink.
FULLY EQUIPPED, STATE-OF-THE-ART FITNESS CENTRE
Our fully equipped fitness center eliminates the need for costly gym memberships.
58
ONE BEDROOM
SUITES
22
TWO BEDROOM/
TWO BATHROOM
SUITES
12
STUDIO SUITES
PET-FRIENDLY BUILDING
Station Street Apartments is one of the only rental buildings that allow pets including small dogs.
ELEGANT LOBBY
A contemporary lobby welcomes you into the building and two elevators accommodate
your need for easy living.
EXTRA LARGE, COMFORTABLE BALCONIES
Enjoy the large outdoor balconies that allow you to relax, have barbeques with family and
friends and enjoy beautiful views.
SECURE BICYCLE STORAGE
Gives you a safe place to store your bicycle and enjoy easy access to the outdoors.
2
TWO BEDROOM/
TWO BATHROOM/
DEN SUITES
STATION STREET APARTMENTS
2885 Jacklin Road, Langford, BC
PETER GIBSON
SENIOR VICE PRESIDENT
CAPITAL MARKETS GROUP
604.640.5830
[email protected]
E.&O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Cushman & Wakefield Ltd. 04/15 bg
FOR
SALE