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Distressed, Canadian, Luxury Senior Housing/Condominium Project

Listing Code:

XYALF1A

State:

Not Disclosed

Category:

Assisted Living Facilities

Asking Price:

$37,500,000

Revenue:

-

XYALF1A
Company Overview

PRIME exits and American Healthcare Capital are 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.

Inquire About This Listing:

In order to learn more about our listing, you must:

1. Complete a Buyer Profile:

This profile will be used to pre-qualify buyers and determine whether we can share additional details about our listings. If you have already completed a Buyer Profile, disregard.

YOU ONLY NEED TO COMPLETE A BUYER PROFILE ONCE. 

2. Sign NDA with Listing Code:

To learn more about this listing, you must sign an NDA. When completing the NDA, you will need to copy the exact LISTING CODE and LISTING TITLE.

Listing Code:

XYALF1A

Listing Title:

Distressed, Canadian, Luxury Senior Housing/Condominium Project

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Contact the Team

Jack Eskenazi American Healthcare Capital

Jack Eskenazi

President/Founder

American HealthCare Capital

Dr. Allen Nazeri DDS MBA.jpg

Dr. Allen Nazeri 

Managing Partner

PRIME exits

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About us
 

PRIME exits is a registration pending trademark for Nazeri & Company LLCan independent affiliate of American Healthcare Capital. Nazeri & Company, Co. Ltd. is an international subsidiary of Nazeri & Company LLC. We are a merger and acquisition advisory firm focused on the healthcare industry with a network of 50+ M&A analysts and advisors. 

 

Locations

Los Angeles

Las Vegas

Bangkok

Vancouver, BC

Milan, Italy

Contact us

 

1-800- 424-3388 HEAD OFFICE

1-310-625-7889 Jack Eskenazi

1-702-506-3392 Dr. Allen Nazeri 

Valuation Team

Jack@ahcteam.com

Allen@ahcteam.com

Allen@pexits.com

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