NAI Commercial Real Estate, have been retained by the Kings Court of Alberta on an exclusive basis to arrange for the Judicial sale of Aspen Manor Apartments, located at 9814 – 99 Street in Lac La Biche, Alberta (the “Property”). The Multi-Family property consists of a 3.5-storey wood-frame construction building with 30 suites and balconies. Value Add Property: There is strong potential to grow the Net Operating Income through in-suite renovations and the mark-to-market of rents in a rising rental rate environment Historically Low Vacancy and Turnover: The Property has a history of low vacancy rates, with many of the tenants having been at the Property for over two years Location: The neighbourhood benefits from access to major arterial roadways such as 101 Avenue and 101 Street.
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