Waybury Park Fully Leased & Sold
Waybury Park consists of 124 units in a two building complex built by award winning Cove Properties of Edmonton, Alberta. McLeod Project Marketing was retained by Cove Properties in 2016 to manage all aspects of brand development, market research, ongoing marketing & lease administration.
McLeod Project Marketing completed a 95% lease up in less than a year. This rapid lease up was a very positive sign showing the local market support & demand in Sherwood Park and continuing increase in local consumer confidence. Waybury Park was sold to an Eastern Canadian REIT looking to expand their portfolio in Alberta, a very positive and supportive sign. The selling price per door was just over $228,000 representing a 5.75% cap rate.
McLeod Project Marketing specializes in the sales, leasing & marketing of new multifamily projects in Alberta.