A 55,154-square-foot industrial property on Annacis Island in Delta, B.C., has sold for $12 million, reports Re/Max Commercial Advantage. That is twice what the vendor paid for it 2013 and $3.4 million above its current assessed value, and the equivalent of $4.3 million per acre for the 2.67-acre site.
Breakdown:
Property type: Industrial
Location: 788 Caldew Street, Delta (Annacis Island)
Property size: 55,514 square feet
Number of units: Two
Land size: 2.67 acres
Zoning: Medium-impact industrial
B.C. Assessment value: $8.55 million
List price: $12.2 million
Sale price: $12 million
Price per acre: $4.3 million
Brokerage: Re/Max Commercial Advantage, Vancouver
Broker: Rachel McGladery
