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1617 108 Avenue, Dawson Creek
9827 97 Avenue, Fort St. John
10417 13 Street, Dawson Creek
9820 102 Avenue, Fort St. John
9819 102 Avenue, Fort St. John
Portfolio Sale
STEVE FAMEPersonal Real Estate CorporationSenior Vice President604 761 [email protected] International
DAN CHATFIELDAssociate604 318 [email protected] International
ROB GREERPersonal Real Estate CorporationPrincipal604 647 [email protected] Young
9819 & 9820 102 Avenue, Fort St. John, BC9827 97 Avenue, Fort St. John, BC10417 13 Street, Dawson Creek, BC1617 108 Avenue, Dawson Creek, BC
CHRIS WIESERPrincipal604 647 [email protected] Young
PORTFOLIO SALE
OpportunityColliers International & Avison Young are pleased to present this unique opportunity to acquire a multifamily portfolio consisting of five (5) rental apartment buildings totaling 105 suites. The properties are located in the Peace River Regional District of Northern British Columbia with three (3) in Fort St. John and two (2) in Dawson Creek. The portfolio, consisting of similar wood-frame product, represents an excellent value-add opportunity and since the offering is free and clear of any existing debt, it allows a purchaser to customize a debt structure to meet its internal objectives and capitalize on the low interest environment.
Investment Highlights• Combined 2.55 Acres of land or approximately 111,078 SF
• Offered at a 6.00% capitalization rate
• Located in two highly sought-after major northern British Columbian cities
• Preferred suite-mix with 50% two-bedrooms
The City of Fort St. John With a population of 20,155 residents in 2016, Fort St. John is the largest city in the Peace River Regional District of British Columbia. Known as the “Energetic City”, Fort St. John is the service and support centre for the province’s oil and natural gas industry, and maintains strong forestry and agriculture industries as well. Fort St. John is known for its recreational facilities, most notably with the Pomeroy Sport Centre, which opened in 2010 and features an Olympic sized speed skating oval and two NHL sized hockey rinks. Declared the ‘Music Capital of the North’ in 2009, Fort St. John offers its residents and visitors a diverse selection of music and events throughout the year. As it is in close proximity to the numerous mountains, prairies and waterways of the Northeast region of British Columbia, residents are able to enjoy a multitude of leisure activities such as: fishing, hunting, snowshoeing, biking and many more throughout the summer and winter seasons. Accessibility throughout Northern British Columbia is provided by way of the famous Alaska Highway (97) and the North Peace Regional Airport connecting Fort St. John with Vancouver, Alberta and beyond.
The City of Dawson CreekDawson Creek is home to nearly 13,000 residents and is the capital of the Peace River Regional District. A thriving community where there are approximately 10 major multi-national oil, gas and energy companies who have invested hundreds of millions of dollars in Dawson Creek’s major industries. As such, Dawson Creek’s economy has remained strong through turbulent times and it is one of the only cities in Northern British Columbia to boast year-over-year increases in real estate values. Dawson Creek residents and visitors are able to enjoy numerous sports and leisure centres such as: the South Peace Community Multiplex, the Encana Events Centre, Bear Mountain Ski Hill, the Dawson Creek Golf & Country Club and the Dawson Creek Art Gallery. Accessibility by air is no issue as the modernized Dawson Creek Airport now features direct scheduled service to Vancouver.
Fort St. John, BC
Property Name: Green Briar (North) Green Briar (South) Midtown
Municipal Address: 9820 102 Avenue 9819 102 Avenue 9827 97 Avenue
Legal Address:
Lots 4 & 5, Block 3, Land District 44, Section 6, TWP 84, RNG 18, MER 6, Plan PGP2338
Lots 11 & 12, Block 2, Land District 44, Section 6, TWP 84, RNG 18, MER 6, Plan PGP2338
Lots 25 & 26, Block 4, Land District 44, Section 31, TWP 83, RNG 18, MER 6, Plan PGP2956
PID: 013-914-014 & 013-914-022 013-913-981 & 013-914-006 013-750-771 & 013-750-780
Property Type:Three storey wood-frame walk-up rental apartment building
Three storey wood-frame walk-up rental apartment building
Three storey wood-frame walk-up rental apartment building
Year Built: 1978 1978 1979
Lot Size: 100’ x 122’ (12,200 SF) 100’ x 122’ (12,200 SF) 80’ x 150’ (12,000 SF)
Suite Mix: 1 one-bedroom & 11 two-bedrooms
1 one-bedroom & 11 two-bedrooms
1 bachelor, 5 one-bedrooms & 6 two-bedrooms
Property Taxes: $7426.77 (2017) $7426.77 (2017) $7,294.74 (2017)
Stabilized NOI: $142,666 $71,191
Dawson Creek, BC
Property Name: Centennial Crestview
Municipal Address: 10417 13 Street 1617 108 Avenue
Legal Address: Lot 1, Land District 44, Section 15, TWP 78, RNG 15, MER 6, Plan BCP18940
Lot 1, Block 1, Land District 44, Plan PGP7662
PID: 026-360-942 014-844-672
Property Type: Three storey wood-frame rental apartment building with 1 elevator
Three storey wood-frame walk-up rental apartment building
Year Built: 1970 1968
Lot Size: 1.2 acres (52,272 SF) 139.5’ x 160’ (22,320 SF)
Suite Mix: 2 bachelor, 29 one-bedrooms & 20 two-bedrooms
1 bachelor, 13 one-bedrooms & 4 two-bedrooms
Property Taxes: $20,314.52 (2017) $9,314.80 (2017)
Stabilized NOI: $282,022 $93,281
Asking Price
$9,975,000
PORTFOLIO SALE
PACIFIC OCEAN
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Stewart
U S A
B R I T I S HC O L U M B I A
N . W . T .
Y U K O N
A L B E R T A
Atlin
Cassiar
Dease Lake
FortNelson
PrinceRupert
FortSt. John
DawsonCreek
Mackenzie
BurnsLake
PrinceGeorge
WilliamsLake
Bella Coola
Quesnel
Vancouver
Whistler
PowellRiver
Seattle
Victoria
Nanaimo
CampbellRiver
Port Hardy
Penticton
Osoyoos
Kelowna
Vernon
Revelstoke
Invermere
SalmonArmKamloops
Merritt
Hope
Trail
NelsonCranbrook
KimberleyFernie
Lethbridge
Spokane
GoldenCalgaryBan�
Edmonton
Red Deer
Jasper
Terrace
Smithers
Kitimat
Fort St.James
Bear Lake Fox CreekWhitecourt
Mayerthorpe
Houston
DouglasChannel
100 MileHouse
MinaretPeak
VancouverIsland
A L A S K A
Industry
Petroleum Sector
The Montney and Horn River unconventional gas plays are massive prospects that are reshaping Canada’s petroleum sector.
Hydroelectric Power
Located 7km south of the City of Fort St. John, the BC Hydro Site C Clean Energy Project, a hydroelectric dam on the Peace River, started construction in the summer of 2015.
Alternative Energy Source
Wind farms are increasingly becoming an alternative energy source being explored in the North Peace Region.
AgricultureThe agriculture sector includes prairie crops of wheat, barley, canola and forage of seed production.
ForestryThe forestry sector includes a wide array of tree species that vary from spruce to balsam poplar and paper birch.
MiningThe region has rich metallurgic coal reserves with many proposed mines in the Hudson’s Hope area.
Residential Development
The explosive growth of the region has led to significant opportunities for residential and commercial developers throughout the area. The region is the second fastest growing region in the province with annual growth around 3%.
Industries of the Peace River Regional District Contact Us
CHRIS WIESERPrincipal604 647 5089 I [email protected]
ROB GREERPersonal Real Estate CorporationPrincipal604 647 5084 I [email protected]
DAN CHATFIELDAssociate604 318 6313 I [email protected]
STEVE FAMEPersonal Real Estate CorporationSenior Vice President604 761 3263 I [email protected]
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2017. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc. HL 092017
5Separate Properties
105Total Units
6%Cap Rate
