Close to ten acres of industrial land in Abbotsford has sold for $7.5 million, Avison Young tells Western Investor.
The property is currently zoned Agricultural One Zone but is designated but General Industrial zoning under the current Abbotsford OCP. The City of Abbotsford charges a rezoning free of $20,000 per acre for the Agricultural Trust Fund. The site was purchased by an owner-user and is strategically located in close proximity to the TransCanada Highway, just west of the Clearbrook Road Interchange.
The property is located at 31708 Marshall Rd., Abbotsford.
Breakdown:
Price: $7,500,000
Lot Size: 9.64 acres
Property Type: Land
Zoning: A1
2016 B.C. Assessment Value: $6,072,000
Date of Sale: 08/28/2017
City: Abbotsford
Province: B.C.
Name of Brokerage: Avison Young Commercial Real Estate
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