A new 109-unit apartment tower in central Edmonton on a near-one-acre site has sold for $28.3 million, report Marcus & Millichap and its Institutional Property Advisors team.
Breakdown:
Property type: Multi-family rental building
Location: 11711 105 Avenue NW, Edmonton
Number of units: 109
Size of property, rentable space: 89,707 square feet (approx.)
Land size: 0.9 acres
Sale price: $28,300,000
Date of sale: March 16, 2020
Brokerage: Institutional Property Advisors, Marcus & Millichap
Brokers: Bradyn Arth, Paul Chaput, Bradley Gingerich, and Jane Woertman of the Institutional Property Advisors team
