10417 13 Street, Dawson Creek
1617 108 Avenue, Dawson Creek
9820 102 Avenue, Fort St. John
9827 97 Avenue, Fort St. John 9819 102 Avenue, Fort St. John Portfolio Sale 9819 & 9820 102 Avenue, Fort St. John, BC 9827 97 Avenue, Fort St. John, BC 10417 13 Street, Dawson Creek, BC 1617 108 Avenue, Dawson Creek, BC
CHRIS WIESER ROB GREER DAN CHATFIELD STEVE FAME Principal Personal Real Estate Corporation Associate Personal Real Estate Corporation 604 647 5089 Principal 604 318 6313 Senior Vice President [email protected] 604 647 5084 [email protected] 604 761 3263 Avison Young [email protected] Colliers International [email protected] Avison Young Colliers International PORTFOLIO SALE
Opportunity
Colliers 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 Creek
Dawson 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. PORTFOLIO SALE
Fort St. John, BC
Property Name: Green Briar (North) Green Briar (South) Midtown
Municipal Address: 9820 102 Avenue 9819 102 Avenue 9827 97 Avenue Lots 4 & 5, Block 3, Land Lots 11 & 12, Block 2, Land Lots 25 & 26, Block 4, Land District 44, Section 6, TWP District 44, Section 6, TWP District 44, Section 31, TWP Legal Address: 84, RNG 18, MER 6, Plan 84, RNG 18, MER 6, Plan 83, RNG 18, MER 6, Plan PGP2338 PGP2338 PGP2956 PID: 013-914-014 & 013-914-022 013-913-981 & 013-914-006 013-750-771 & 013-750-780 Three storey wood-frame Three storey wood-frame Three storey wood-frame Property Type: walk-up rental apartment walk-up rental apartment walk-up rental apartment building building 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) 1 one-bedroom & 1 one-bedroom & 1 bachelor, 5 one-bedrooms Suite Mix: 11 two-bedrooms 11 two-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 Lot 1, Land District 44, Section 15, TWP 78, Lot 1, Block 1, Land District 44, Plan Legal Address: RNG 15, MER 6, Plan BCP18940 PGP7662 PID: 026-360-942 014-844-672 Three storey wood-frame rental apartment Three storey wood-frame walk-up rental Property Type: building with 1 elevator apartment building Year Built: 1970 1968
Lot Size: 1.2 acres (52,272 SF) 139.5’ x 160’ (22,320 SF) 2 bachelor, 29 one-bedrooms 1 bachelor, 13 one-bedrooms Suite Mix: & 20 two-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 YUKON
N.W.T. Atlin
Cassiar
Dease Lake Fort Nelson
Minaret Stewart Peak ALASKA Fort St. John
Dawson Creek Mackenzie 5 Smithers ALBERTA Terrace Prince Rupert Houston Separate Properties Fort St. Bear Lake Fox Creek Burns James Kitimat Lake Whitecourt Douglas Mayerthorpe Channel Prince 16 George Edmonton
BRITISH COLUMBIA Quesnel Jasper Bella Coola
105 Red Deer Williams Lake Total Units
100 Mile House Golden
Port Hardy 1 Ban Calgary Revelstoke 97 Salmon Arm Kamloops 95 97 PACIFIC OCEAN Invermere Campbell Vernon River Powell Merritt River Whistler Vancouver Kelowna Lethbridge 6% 5 Penticton Kimberley Island Fernie Nelson 1 Vancouver 3 Hope Osoyoos Cranbrook 1 Cap Rate Nanaimo 3 Trail
Victoria USA
Seattle Spokane Industries of the Peace River Regional District Contact Us
Industry CHRIS WIESER The Montney and Horn River unconventional gas plays are Petroleum Principal massive prospects that are reshaping Canada’s petroleum Sector 604 647 5089 I [email protected] sector.
Located 7km south of the City of Fort St. John, the BC ROB GREER Hydroelectric Hydro Site C Clean Energy Project, a hydroelectric dam Personal Real Estate Corporation Power on the Peace River, started construction in the summer Principal 604 647 5084 I [email protected] of 2015.
Alternative Wind farms are increasingly becoming an alternative DAN CHATFIELD Energy Source energy source being explored in the North Peace Region. Associate 604 318 6313 I [email protected]
The agriculture sector includes prairie crops of wheat, Agriculture barley, canola and forage of seed production. STEVE FAME Personal Real Estate Corporation Senior Vice President 604 761 3263 I [email protected] The forestry sector includes a wide array of tree species Forestry that vary from spruce to balsam poplar and paper birch. 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 The region has rich metallurgic coal reserves with many content, accuracy and reliability. Any interested party should undertake their Mining own inquiries as to the accuracy of the information. Colliers International proposed mines in the Hudson’s Hope area. 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 The explosive growth of the region has led to significant reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc. HL 092017 opportunities for residential and commercial developers Residential throughout the area. The region is the second fastest Development growing region in the province with annual growth around 3%.