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Surrey industrial park trades at a premium

Sale in May completes at a 40% premium to 2019 price
fama-business-park-surrey
Bosa Properties Ltd. acquired the Fama Business Park in Surrey on May 17 for $93 million.

DEAL | Bosa Properties Inc. acquired Fama Business Park at 15050 54A Avenue, Surrey, on May 17 for $93 million. CanFirst Capital Management sold the property four and a half years after acquiring it from Hydro Quebec in September 2019 for $66 million. Brokered by Colliers, the deal includes eight buildings totalling 315,128 square feet. The sale price works out to an average of $295 a square foot.

PRICE | $93,000,000

FROM | Colliers International