NEW RELEASE
Bulk prices in bite size pieces. Urban Capital makes building your real estate portfolio easy.
Glasshouse’s remaining inventory has been structured into six portfolios, each offering immediate income and the opportunity to own a downtown residential asset.
Each package includes 3 to 5 loft style condominium units with in-place tenancies*. Pricing reflects the individual units’ current Net Operating Income (NOI), resulting in a 6.50% - 6.75% capitalization rate** based on in-place performance. (insider tip: that’s great!) NOI calculations are derived from current rents and actual operating expenses, including property taxes, condominium fees, insurance and a maintenance allowance. No assumptions have been made with respect to future rental growth or appreciation. (insider tip: even better!)
Full rent rolls and detailed operating information are available upon request.
The following packages are currently available. Each package has been assembled to provide a balanced mix of unit types and exposures within the building. Floor plans are available for download below.
* Packages may contain up to one vacant unit each. A rental rate has been assigned to that unit based on current rental rates on similar unit types in other packages. ** Subject to change without notice.
Buy like an institution. Scale like a pro.
3 condominiums for $366,800 (average $122,300 per unit)
4 condominiums for $517,900 (average $129,500 per unit)
5 condominiums for $644,900 (average $129,000 per unit)
Important information: Tenancy information is based on current leases as of the date of publication and subject to change. Cap rate is approximate and based on in-place income and current operating expenses. All figures are provided for informational purposes only and should not be relied upon as a guarantee of future performance. Prospective purchasers are advised to conduct their own independent analysis. Detailed financial information is available upon request.
Ask us about our property management services, offered on a short term basis to help you smoothly transition to ownership of a portfolio of units at Glasshouse.
Contact Brenna Smith for full package and related details.
