The Goodman Report: Concrete rental tower in North Vancouver is first to sell in 23 years

VANCOUVER, March 3, 2014 /CNW/ - David Goodman and Mark Goodman, principals at HQ Commercial and publishers of The Goodman Report are pleased to announce the sale of a concrete rental tower in North Vancouver—the only purpose-built apartment building to trade hands in 23 years in North Vancouver.

This first-class trophy asset known as Parklea Apartments at 151 E. Keith Road consisted of a 15-storey 88-suite building in North Vancouver's superb Lower Lonsdale neighbourhood across from Victoria Park.  It was acquired for a benchmark $25,500,000 by Eastern-based Starlight Investments.  This represented a price per sq. ft. of $443, a price per unit of $289,772 and a cap rate of 3.25%.

View sale details: http://www.goodmanreport.com/listings#1063

David and Mark Goodman are the market leaders for Greater Vancouver multi-family and development site sales and have been publishing The Goodman Report  since 1983.  View Goodman Report at www.goodmanreport.com

SOURCE: Goodman Report

For further information:

Mark Goodman, Principal
The Goodman Report
604.714.4790
www.goodmanreport.com

Organization Profile


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890