An owner-occupier has acquired an industrial building in Burnaby for $6.3 million, Newmark Knight Frank Devencore reports.
The 14,098-square-foot industrial building is situated on a 20,996-square-foot lot close to Royal Oak SkyTrain station. Although the Buyer plans to occupy the property, the Burnaby OCP supports redevelopment to Medium Density Residential. The property was listed for $6.8 million and has an assessed value of $4.63 million.
The property is located at 6851 Antrim Ave., Burnaby.
Breakdown:
Price: $6,300,000
Lot Size: 20,996 SF
Property Type: Industrial
Zoning: M-4
2017 B.C. Assessment Value: $4,639,400
Date of Sale: 04/06/2018
City: Burnaby
Province: B.C.
Name of Brokerage: Newmark Knight Frank Devencore
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