A high-exposure industrial property in Vancouver has sold for $12.1 million, Colliers International tells Western Investor.
The 15,000-square-foot industrial building is situated on a 28,900-square-foot lot, sold off-market for more than $4 million above it’s assessed value of $7.94 million. The property’s location and size makes it ideal for potential redevelopment.
The property is located at 2055 Boundary Rd., Vancouver.
Breakdown:
Price: $12,100,000
Lot Size: 28,900 SF
Property Type: Industrial
Zoning: I2
2017 B.C. Assessment Value: $7,941,300
City: Vancouver
Province: B.C.
Name of Brokerage: Colliers International
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