An industrial property in Delta’s Tilbury Industrial Area has sold for $5.5 million, Avison Young Commercial Real Estate tells Western Investor.
The one-acre property includes an 18,878 building, sold to an end-user with short-term leaseback to the vendor. Avison Young represented the purchaser in a multiple-offer scenario.
The property is located at 8149 River Way, Delta.
Breakdown:
Price: $5,500,000
Lot Size: 1 acre
Property Type: Industrial
Zoning: I2
2018 B.C. Assessment Value: $5,074,000
Date of Sale: 09/06/2018
City: Delta
Province: B.C.
Name of Brokerage: Avison Young Commercial Real Estate (B.C.) Inc.
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