A multi-tenant industrial property in Chilliwack has sold for $22 million, Lee & Associates reports.
The 225,270-square-foot, five-unit industrial property is zoned for manufacturing use. The anchor tenant is Nestle Canada. The property is situation on an 8.67-acre lot, with an assessed value of $20.8 million. The investment property was sold by Legacy Pacific Land Corp. and purchased by 686847 BC Ltd.
The property is located at 6388 Unsworth Rd., Chilliwack.
Breakdown:
Price: $22,000,000
No. of Units: 5
Price/Unit: $4,400,000
Lot Size: 8.67 acres
Property Type: Industrial
Zoning: M3
2016 B.C. Assessment Value: $20,878,000
Date of Sale: 10/01/2017
City: Chilliwack
Province: B.C.
Name of Brokerage: Lee & Associates Vancouver
Name of Vendor: Legacy Pacific Land Corp.
Name of Buyer: 686847 BC Ltd.
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