FOR SALE

Suffolk Place Tridecca Developments: New Construction Opportunity

Best In Class Opportunity!

29 Luxury Residential Rental Units in Port Coquitlam,

British Columbia

Suffolk Place is Port Coquitlam's newest rental building. The

offering presents a rare opportunity for a prospective purchaser

to acquire a 29-unit, four-storey, wood-frame, new purpose built

rental apartment building offering a desirable mix of one and two

bedroom luxury units. With open floor plans, large windows,

extensive outdoor living spaces, and condo-quality finishes; this

turn-key opportunity is a must-see for investors.

For more information, please contact:

James Blair* (Deal Lead)

Senior Sales Associate

+1 604 790 7089

James.Blair@am.jll.com

Ray Townsend*

Executive Vice President

+1 604 671 3340

Ray.Townsend@am.jll.com

Ryan Cunningham

Associate, Unlicensed

+1 778 875 4803

Ryan.Cunningham@am.jll.com

*Personal Real Estate Corporation

Multifamily BC | JLL Canada (“JLL”) has been retained by the Vendor on an exclusive basis to arrange the sale of 1972 Suffolk

Avenue, known as Suffolk Place.

List Price: $8,500,000

Suffolk Place

Suffolk Place Property Overview

Municipal Address 1972 Suffolk Avenue, Port Coquitlam, V3B 1H2

Property Identifier 001-613-651 / 004-703-260

Legal DescriptionLOT A DISTRICT LOT 464 GROUP 1 NEW WESTMINSTER DISTRICT PLAN

EPP39793

Zoning RA1 (Residential Apartment 1)

Anticipated

OccupancyAugust 2016

Site Size 16,124 Sq.Ft

Gross Building Size Approximately 24,000 Sq.Ft

Net Rentable Space 20,224 Sq.Ft

Type of Building Wood-Frame Over Concrete Parkade

Number of Units 29

Suite Mix

One Bedroom, One Bathroom: 3 Units (605-642 Sq.Ft)

One Bedroom, One Bathroom + Flex: 16 Units (580-654 Sq.Ft)

One Bedroom, One Bathroom + Den: 3 Units (655-661 Sq.Ft)

Two Bedroom, Two Bathroom + Flex: 6 Units (819-1020 Sq.Ft)

Two Bedroom, Two Bathroom + Den: 1 Unit (917 Sq.Ft)

Balconies/Patios All Units

Parking 37 Underground Resident + 6 Visitor = 43 Total

Elevator Yes – Hydraulic

Meters Individual Hydro Meters For Each Unit

The Offering

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COQUITLAM

CENTRE

SHAUGHNESSY STATION

Safeway, Banks, Restaurants

West Coast Express Station

COSTCO, WALMART,

HOME DEPOT - 5 min

Drive

THE PROPERTY

Suffolk Place

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Suffolk Place

Suffolk Place is located in Port Coquitlam,

between Lougheed Highway and Coquitlam

Avenue. With easy access to the Vancouver

Downtown core and countless community

amenities, Port Coquitlam can offer a

convenient suburban lifestyle close to the city

and its most populated suburbs.

THE NEIGHBOURHOOD

Suffolk Place is Port Coquitlam’s newest

purpose built rental apartment building located

27 km East of Vancouver. Bordered by the

Coquitlam, Fraser River, and Pitt Rivers; Port

Coquitlam is Canada’s 88th most populated city.

Located just North of the Lougheed Highway,

Suffolk Place is just minutes from all types of

public transportation, including the Westcoast

Express, which allows quick access to the

Downtown Vancouver core.

The 25 km Traboulay Trail which encircles the

city is just steps away and is known for it’s

scenic views. The trail offers a variety of

traverses and landscapes which include forest,

creeks, meadow and marsh land, riverfront, and

urban development, making it a hot spot for

runners, walkers, and cyclists.

Shopping & Entertainment

Suffolk Place is conveniently located close to everything that a

resident could possibly need. The Property is just minutes away from

the Shaughnessy Station Shopping Centre, which houses a variety of

stores, amenities, and restaurants and is a mere 5 minutes to a newly

built Costco, Walmart, Save-On Foods, and Home Depot.

Sports & Recreation

Port Coquitlam is a sports and recreation hub filled with outdoor parks

and trails, golf courses, baseball diamonds, and multiple Recreation

Complexes which include weight and fitness facilities, hockey rinks,

swimming pools, tennis courts, squash and racquetball courts, and

Youth Centre's.

Transportation

Port Coquitlam is served by various public transportation routes

including the Westcoast Express, Translink, and Handydart providing

convenient, comfortable, and efficient services for people of all ages

and abilities.

Health & Safety

The Eagle Ridge Hospital is located less than 10 minutes away and

offers primary and emergency services. This is complemented by a

plethora of medical and dental services offered directly in the Port

Coquitlam community. Port Coquitlam is policed by both the

Community Police Stations and the RCMP, who work together to keep

the community nuisance-free and to keep residents safe.

Location Characteristics

AREA AMENITIES

Investment Highlights

• New construction

• Built Green to LEED’s gold standard – significantly lowering

operating costs

• Home warranty inspections were maintained throughout the

construction process, ensuring construction has been done

to the New Home Warranty specifications and standards

• Low-maintenance, high-quality, cementitious fiber board

siding

• Excellent curb appeal including brick and stone detailing

• Asphalt roofing with lifetime warranty

• Low maintenance landscaping and patio areas

• Large suite sizes with open floor plans

• Condo quality finishing's with quartz counter surfaces

• Luxury vinyl plank flooring and ceramic tile; carpet in the

bedrooms

• Electric base board heat – tenant paid

• 6 appliances including in-suite washer, dryer and a full

stainless steel kitchen package including bottom mount

fridge, dishwasher, stove, and over-the-range microwave

• 90% of units have a flex-room or den

• Individual electric hot water tanks in each unit

• Large vinyl double glazed windows throughout, offering

ample natural light

• Balcony or patio for each unit – most with very large

outdoor spaces

• Secure underground parking with additional visitor stalls

• Secure fob entry to lobby and underground parking

• Outdoor amenity area and indoor meeting room

• Bike and storage locker rooms

• Telus and Shaw wiring throughout

• All suites are security alarm ready

• Insulation with higher than normal “R” values

• Building is solar ready

• LED lighting throughout

• Lights with motion sensors

• ‘Kill’ switches for non-essential electrical outlets

• Finishes with lower toxic components than industry

standard (reduces off-gassing)

• Great access to Lougheed Highway arterial route

• Within minutes of differing public transportation – including

the West Coast Express Station

• Rapidly increasing population and low vacancy rates within

the area

Expected Occupancy for Suffolk Place – August 2016

*Dates are subject to change. Construction timelines and milestones to be provided to interested parties.

4

5

DISCLAIMER Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents

make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind.

The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this

information is subject to the terms of that agreement. ©2016. Jones Lang LaSalle. All rights reserved. *Broker **Sales Representative

Projected Proforma Rent Roll Suffolk Place

Type Units Avg. Size (Sq.Ft)

Projected Avg.

Monthly Rent

Projected Avg.

Rent Per Sq.Ft

1 Bedroom 3 617 $1,308 $2.12

1 Bedroom + Flex 16 635 $1,336 $2.10

1 Bedroom + Den 3 659 $1,325 $2.01

2 Bedroom + Flex 6 885 $1,742 $1.97

2 Bedroom + Den 1 917 $1,800 $1.96

29 697 $1,432 $2.06

Unit

Number Suite Type Size (Sq.Ft)

Projected Monthly

Rent

Projected Monthly

Rent/Sq.Ft

Projected Yearly

Rent

101 1 Bedroom + Flex 654 $1,325 $2.03 $15,900

102 1 Bedroom + Flex 661 $1,300 $1.97 $15,600

103 2 Bedroom + Flex 819 $1,600 $1.95 $19,200

104 1 Bedroom + Flex 623 $1,275 $2.05 $15,300

105 1 Bedroom + Flex 647 $1,325 $2.05 $15,900

106 1 Bedroom + Flex 642 $1,250 $1.95 $15,000

107 1 Bedroom + Flex 654 $1,325 $2.03 $15,900

201 1 Bedroom + Flex 654 $1,325 $2.03 $15,900

202 1 Bedroom + Den 661 $1,300 $1.97 $15,600

203 2 Bedroom + Flex 819 $1,600 $1.95 $19,200

204 1 Bedroom + Flex 623 $1,275 $2.05 $15,300

205 1 Bedroom + Flex 647 $1,325 $2.05 $15,900

206 1 Bedroom 605 $1,250 $2.07 $15,000

207 1 Bedroom + Flex 642 $1,325 $2.06 $15,900

208 2 Bedroom + Flex 917 $1,750 $1.91 $21,000

301 1 Bedroom + Flex 654 $1,375 $2.10 $16,500

302 1 Bedroom + Den 661 $1,350 $2.04 $16,200

303 2 Bedroom + Flex 819 $1,650 $2.01 $19,800

304 1 Bedroom + Flex 623 $1,325 $2.13 $15,900

305 1 Bedroom + Flex 647 $1,375 $2.13 $16,500

306 1 Bedroom 605 $1,300 $2.15 $15,600

307 1 Bedroom 642 $1,375 $2.14 $16,500

308 2 Bedroom + Den 917 $1,800 $1.96 $21,600

401 1 Bedroom + Den 655 $1,325 $2.02 $15,900

402 2 Bedroom + Flex 918 $1,900 $2.07 $22,800

403 1 Bedroom + Flex 635 $1,400 $2.20 $16,800

404 1 Bedroom + Flex 580 $1,425 $2.46 $17,100

405 2 Bedroom + Flex 1,020 $1,950 $1.91 $23,400

406 1 Bedroom + Flex 580 $1,425 $2.46 $17,100

TOTAL 29 UNITS 20,224 $41,525 $2.06 $498,300

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DISCLAIMER Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents

make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind.

The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this

information is subject to the terms of that agreement. ©2016. Jones Lang LaSalle. All rights reserved. *Broker **Sales Representative

Projected Proforma Income & Expense StatementSuffolk Place

YEARLY YEARLY/UNIT % OF EGI

REVENUE

$498,300 $17,183

Included

$498,300 $17,183

Less: Vacancy [2] 0.40% $1,993 $69

$496,307 $17,114

$132 $5 0.03%

$39,000 $1,345 7.86%

$19,500 $672 3.93%

$6,600 $228 1.33%

$3,504 $121 0.71%

$5,280 $182 1.06%

$2,700 $93 0.54%

$200 $7 0.04%

$17,400 $600 3.51%

$24,815 $856 5.00%

$14,500 $500 2.92%

$133,631 $4,608 26.93%

$362,676

EXPENSES[3]

Elevator

Licence

Caretaker

Management

TOTAL NET INCOME

Rental Income[1]

Parking

Gross Income

EFFECTIVE GROSS INCOME

Bank Charges

Property Taxes

Insurance

Electricity

Waste Removal

Water/Sewer

Repair & Maintenance

TOTAL EXPENSES

[3] All expenses are projected, stabilized, and based on market research and consultation with a local property management company

[2] October 2015 CMHC average vacancy rate

[1] Projected rents at $2.06 per Sq.Ft annualized

List Price Cap Rate Price Per Unit

$8,500,000 4.27% $293,103

*Construction progress photographs will be uploaded to the JLL Dropbox website bi-weekly.

7

Construction ImagesAs of June 1st, 2016

DISCLAIMER Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents

make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind.

The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this

information is subject to the terms of that agreement. ©2016. Jones Lang LaSalle. All rights reserved. *Broker **Sales Representative

8

1 Bedroom + Flex - 3-D Rendering

DISCLAIMER Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents

make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind.

The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this

information is subject to the terms of that agreement. ©2016. Jones Lang LaSalle. All rights reserved. *Broker **Sales Representative

629 Sq.Ft

9

2 Bedroom + Flex - 3-D Rendering

DISCLAIMER Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents

make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind.

The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this

information is subject to the terms of that agreement. ©2016. Jones Lang LaSalle. All rights reserved. *Broker **Sales Representative

820 Sq.Ft

Tridecca Developments

Offering ProcedureSuffolk Place is being exclusively offered by the JLL Multifamily BC Team. JLL will be available to assist investors with their analysis of

this opportunity.

Prospective Purchasers are requested to submit offers to:

JLL Real Estate Services Inc.

355 Burrard Street, 14th Floor

Vancouver, BC, V6C 2G6

Tel +1 778 998 6001

Attn: James Blair (James.Blair@am.jll.com) and/or

Ray Townsend (Ray.Townsend@am.jll.com)

A Dropbox website has been set up for this transaction. Prospective Purchasers are encouraged to access the due diligence website.

Access to the website is provided upon execution of a Confidentiality Agreement (CA).

Founded in 1989 by a team of brothers, Tridecca has over 20 years experience developing a wide variety of construction projects from

Horseshoe Bay to Chilliwack. They pride themselves on experience in every aspect of the construction business, developing commercial

retail spaces, places of worship, high-end residential homes, multi-family residential homes, and concrete high-rise structures in Greater

Vancouver. Tridecca is committed to the development of livable, affordable, and stylish living spaces in Western Canada. All of their

residential, commercial, and mixed-use spaces are precision-built to an exceptionally high standard of quality.

Notable Projects include:

258 Sixth Street – a 75-unit, 16-storey, mixed-use concrete high-rise located in New Westminster that was completed in 2013

Greystone Condos – a 26-unit, wood-frame condo project located in Port Coquitlam that was completed in 2008

UBC Geography Building – a complete exterior restoration that was completed in 2014

10

Suf

folk

Pla

ce

JLL Canada

355 Burrard Street, 14th Floor

Vancouver, BC, V6C 2G6

Tel +1 604 998 6001

www.jll.ca

James Blair* (Deal Lead)

Senior Sales Associate

+1 604 790 7089

James.Blair@am.jll.com

*Personal Real Estate Corporation

Ray Townsend*

Executive Vice President

+1 604 671 3340

Ray.Townsend@am.jll.com

Ryan Cunningham

Associate, Unlicensed

+1 778 875 4803

Ryan.Cunningham@am.jll.com

Multifamily BC | JLL Canada