ASPEN GARDENS & CABIN CREEK 230 BONHOMME STREET 1001 to 1035 PATRICIA STREET

Transcription

1 ASPEN GARDENS & CABIN CREEK 230 BONHOMME STREET 1001 to 1035 PATRICIA STREET Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PROPERTY OVERVIEW + + This Portfolio is comprised of 2 Properties: Aspen Gardens and Cabin Creek + + These Townhouse and Apartment Properties are located in the heart of Jasper in residential neighborhoods with immediate access to numerous amenities and an abundance of greenspace + + Both Properties have exhibited historical vacancy near 0% + + Both Properties could have potential for future residential development (approval required from municipality and Parks Canada)

2 ASPEN GARDENS & CABIN CREEK ABOUT JASPER Jasper National Park is an area preserved in its natural state in the Rocky Mountains and is one of the largest, most scenic national parks in the world. Jasper is a transportation gateway between Alberta and British Columbia. Jasper offers year round sight seeing and entertainment with easy access to Marmot Basin ski resort and numerous lakes, waterfalls, and greenspace. The town of Jasper provides full modern amenities and facilities: + + Elementary, Junior, Senior and French Immersion Schools + + Hospital + + RCMP + + Activity Center + + Sport Arena + + Playgrounds + + Library + + Museum + + Shopping/Restaurants + + Bus services JASPER DEMOGRAPHICS + + Population from 2016 Census: 4, % of population is aged Census shows 59.4% of population lives in rented dwellings (2,797 residents) Aspen Gardens Cabin Creek

3 ASPEN GARDENS & CABIN CREEK JASPER RENTAL UNIVERSE Number and Percentage of Vacancies by Type of Unit* Bachelor 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom Total Number of Units Vacancies Percentage 0.0% 0.7% 0.0% 0.0% 0.0% 0.2% Comparative Vacancy Rate, * *From the Alberta Apartment Vacancy and Rental Cost Survey

4 ASPEN GARDENS 230 Bonhomme Street PROPERTY DETAILS Municipal Address Aspen Gardens 230 Bonhomme Street + + Units include 4 appliances, 1 full bathroom and 1 half bathroom Legal Address Units Lots CN, CO & CP, Block 35, Plan 1474TR Townhouses (12) Two Bedroom (28) Three Bedroom (2) Four Bedroom (42) Total Units Built Aspen Gardens is across from the Jasper activity center, arena, elementary and junior/senior high schools + + Ongoing maintenance program + + Surface, energized parking + + Private fenced yards for each suite Land Lease Mortgage NEW: 42 Years, Expiring September 30, 2056 None + + Vacant land with potential to explore further residential development

5 ASPEN GARDENS 230 Bonhomme Street PROFORMA Aspen Gardens* TYPE UNITS APPROX. AVG. SIZE APPROX. TOTAL SQ. FT. CURRENT MONTHLY RENT $/SF TOTAL Two Bedroom Townhouse sq ft. 12,456 sq. ft. $1,250 $1.20 $15,000 Three Bedroom Townhouse sq. ft. 31,528 sq. ft. $1,345 $1.19 $37,660 Four Bedroom Townhouse sq. ft. 2,640 sq. ft. $1,390 $1.05 $2,780 TOTAL 42 46,624 sq ft. Gross Monthly Income $55,440 Gross Annual Income $665,280 Vacancy (Current Vacancy is 0%) 1.0% ($6,653) GROSS OPERATING INCOME $658,627 *All area calculations are approximate

6 CABIN CREEK Patricia Street PROPERTY DETAILS Municipal Address Legal Address Units Cabin Creek 1001/02/04/07/11/35 Patricia Street Townhouses: Block CV-2, Plan Townhouses: (6) 2 Bedroom (12) 3 Bedroom (18) Total Units 54 Total Units Built 1977 Land Lease Mortgage 42 Years Expiring June 30, 2019 None Apartments: Block CU1, Plan Apartments: (12) 1 Bedroom (24) 2 Bedroom (36) Total Units + + Townhouses include 4 appliances, 1 full bathroom and 1 half bathroom + + Secluded in a residential area of Jasper + + Immediate access to hiking trails and greenspace minute drive/12 minute walk to school minute drive/20 minute walk to downtown + + Ongoing maintenance program + + Ample surface parking + + Excess lands with potential to explore further residential development

7 CABIN CREEK Patricia Street PROFORMA TYPE UNITS Cabin Creek* APPROX. AVG. SIZE APPROX. TO- TAL SQ. FT. CURRENT MONTHLY RENT $/SF TOTAL Two Bedroom Townhouse sq ft. 5,300 sq. ft. $1,180 $1.33 $7,080 Three Bedroom Townhouse sq. ft. 12,840 sq. ft. $1,280 $1.20 $15,360 One Bedrooms Apartments sq. ft. 8,076 sq. ft. $975 $1.45 $11,700 Two Bedrooms Apartments sq. ft. 19,776 sq. ft. $1,100 $1.34 $26,400 TOTAL 54 45,992 sq ft. Gross Monthly Income $60,540 Gross Monthly Laundry $625 Gross Annual Income $733,980 Vacancy (Current Vacancy is 0%) 1.0% ($7,340) GROSS OPERATING INCOME $726,640 *All area calculations are approximate

8 ASPEN GARDENS & CABIN CREEK OFFERING PROCESS The portfolio is being sold with a LIST PRICE of $19,300, CBRE Limited is the exclusive listing agent for the portfolio. Expressions of interest to purchase will be dealt with when received. CONTACT US BRADLEY GINGERICH Senior Vice President brad.gingerich@cbre.com PAUL CHAPUT Senior Vice President paul.chaput@cbre.com BRADYN ARTH Vice President bradyn.arth@cbre.com CODY NELSON Senior Sales Associate cody.nelson@cbre.com JANE WOERTMAN Client Services Assistant jane.woertman@cbre.com This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors ( CBRE ). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the Information ) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.