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Sunstone Opportunity (2008)
Investment Properties |
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| First closing: |
November 20 , 2008 |
| Second closing: |
December 15, 2008 |
| Total units: |
24,133 |
| Per unit: |
$1,250 |
| Minimum return: |
8% per annum |
| Equity raised: |
$30,166,250 |
| Total portfolio acquired to date: |
$68,400,000 |
| Number of properties to date: |
5 |
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Properties by Purchase Price |
Debt Maturities |
|
Year |
Debts |
2014 |
46% |
2015 |
54% |
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| Property acquisition is ongoing; more properties will be added. |
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Boundary Park Plaza
Surrey, BC |
| Purchase price: |
$13,700,000 |
| Purchase date: |
January 2010 |
| Mortgage: |
$9,000,000 |
| Interest rate: |
5.62% |
| Maturity date: |
January 2015 |
| Property type: |
Retail & office |
| Rentable area: |
54,800 sq. ft. |
| Site area: |
4.37 acres |
| Key tenants: |
Pharmasave, Coast Capital Savings, M&M Meats, Sherwin Williams Paints |
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St. Albert Professional Building
St. Albert, AB |
| Purchase price: |
$7,550,000 |
| Purchase date: |
December 2009 |
| Mortgage: |
$5,285,000 |
| Interest rate: |
5.70% |
| Maturity date: |
December 2014 |
| Property type: |
Office & retail |
| Rentable area: |
46,379 sq. ft. |
| Site area: |
1.35 acres |
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Crowfoot Corner
Calgary, AB |
| Purchase price: |
$22,000,000 |
| Purchase date: |
July 2009 |
| Mortgage: |
$15,000,000 |
| Interest rate: |
5.70% |
| Maturity date: |
September 2015 |
| Property type: |
Retail |
| Rentable area: |
51,005 sq. ft. |
| Site area: |
4.81 acres |
| Key tenants: |
Boston Pizza, Wendy's, UPS, M&M Meat Shops, Crowfoot Veterinary, RJA Medicentres |
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Crowfoot Village
Calgary, AB |
| Purchase price: |
$23,000,000 |
| Purchase date: |
July 2009 |
| Mortgage: |
$15,000,000 |
| Interest rate: |
6.203% |
| Maturity date: |
August 2014 |
| Property type: |
Retail |
| Rentable area: |
63,128 sq. ft. |
| Site area: |
6.21 acres |
| Key tenants: |
Starbucks, KFC, Edo, Crowfoot Dental, H&R Block, Red Rock Bar & Grill |
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2626 12th St NE
Calgary, AB |
| Purchase price: |
$2,150,000 |
| Purchase date: |
July 2009 |
| Mortgage: |
N/A |
| Property type: |
Industrial |
| Rentable area: |
43,426 sq. ft. |
| Site area: |
2.19 acres |
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