Apartment building on Martin Street sells for just under $5 million | iNFOnews | Thompson-Okanagan's News Source

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Apartment building on Martin Street sells for just under $5 million

The Fairlane Apartments on Martin Street sold in June.
Image Credit: JLL Real Estate
July 02, 2020 - 4:54 PM

A Penticton apartment complex recently changed hands in a deal worth nearly $5 million.

JLL real estate services reports the 31-unit apartment complex, located at 669 Martin Street, sold on June 15 for a total price of $4,825,000.

That works out to a price per unit of $155,645 for the multi-family rental, which is located on a 21,780 square foot lot. 

The buyer of the property, which is known as Fairlane Apartments, is identified as 100 WCP (Martin Street) Limited Partnership.

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