A freestanding industrial building with yard space in the Gloucester Industrial Estates has sold for $5.61 million, Avison Young Commercial Real Estate reports.
The warehouse building is 31,288 square feet with an incorporated office space, situated on nearly 1.7 acres. The building has three separate warehouse units, one of which is currently leased. The units have 24-foot clear ceilings, with a total of six loading doors. The property sold for over its asking price of $5.5 million with multiple offers.
The property is located 5250 272nd St., Langley.
Breakdown:
Price: $5,610,000
Lot Size: 1.68 acres
Property Type: Industrial
Zoning: M-2A
2016 B.C. Assessment Value: $4,573,000
City: Langley
Province: B.C.
Name of Brokerage: Avison Young Commercial Real Estate
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