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Multi-Family Real Estate Recent Commercial Sales

Recent Sale: 2033 Beach Avenue Vancouver

Oceanaire Apartments on 2033 Beach Avenue was just sold for the price of $11,368,000. Sources say this has an approximate capitalization rate of 3.4%. This follows a trend of lower cap rate sales in high-demand areas. The building had a total assessment price of $7,804,000. The building has 36 units, and was brokered by Bill Goold.

2003beach

Link:
http://www.billgooldrealty.com/index.php?idx=listings&act=view&sel=163

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