A freestanding industrial building in North Vancouver has sold for $2.3 million in an off-market transaction, Macdonald Commercial tells Western Investor.
The 5,000-square-foot, fully-tenanted property is located on a 5,215-square-foot corner lot. The warehouse is zoned for light industrial use and sold for over $441 per square foot. The property’s assessed value is placed at $1.65 million.
The property is located at 1401 Crown St., North Vancouver.
Breakdown:
Price: $2,300,000
Lot Size: 5,215 SF
Property Type: Industrial
Zoning: I3
2017 B.C. Assessment Value: $1,655,000
Date of Sale: 02/28/2018
City: North Vancouver
Province: B.C.
Name of Brokerage: Macdonald Commercial Real Estate Services Ltd.
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