Company Overview
American Healthcare Capital is the exclusive representative of a modern, Class A senior living facility in the greater Vancouver, Canada designed to provide residents with a high-quality living environment. The property consists of 117 residential units (a mix of studios, 1-bedroom, 1-bedroom + den, and 2-bedroom apartments) and 4 fully leased commercial units generating $220,000 in annual income (CAD $3.5 million Valuation), within a five-story building with secure underground parking. Currently, 85 of the residential units are for sale. However, the Seller has the option to repurchase the 32 sold-units.
Property Overview
The property benefits from its proximity to public transport, including the Metro Train Station, and local amenities like parks, shopping centers, and medical facilities. The building offers a range of onsite and community amenities designed to enhance residents’ quality of life, including a dining room, fitness center, library, and beautifully landscaped outdoor spaces.
Unit Breakdown:
- Studio Units: Starting rent at CAD $3,546/month
- One-Bedroom Units: CAD $4,086/month
- Two-Bedroom Units: CAD $4,971 to CAD $5,021/month
- Four-Fully Leased NNN Commercial Units generating $220,000/yr (CAD $3.5 million Valuation)
Building Size:
- Residential: Approximately 61,000 sq ft
- Commercial: Approximately 10,000 sq ft
Financial Overview
As of pre-construction appraisal completed in 2018, the stabilized market value of the property was CAD $66.7million. Based on market appreciation and inflation the property is worth substantially more today.
The remaining residential and commercial units all are registered as fee simple currently offered at CAD $37.5 million.
Asking Price
The current owner is looking for an immediate capital partner to acquire the property for CAD $37.5 million, which will be used to settle the outstanding bank loans. The Seller is willing to reinvest with a suitable buyer.
