As of June 20, 2017, the industrial deals that brought in the most capital were each located in a different Western Canada city. In B.C. and Alberta, self-storage facilities proved in demand, as two of our top industrial transactions serve as high capitalization rate multi-unit storage buildings. Buildings zoned for manufacturing use also sold for top dollar, especially in Greater Vancouver’s tighter-than-ever industrial market. In Q1 2017, the industrial vacancy rate sits at just 2.2 per cent.
5. 20210-188A Ave., Edmonton. NAI Commercial.
A 462-unit storage facility will full TransCanada Highway exposure sold for $8.5 million. The 2.05-acre site has a high 8 per cent capitalization rate.
4. 395 Railtown St., Vancouver. Corbel Commercial Inc.
A three-storey, manufacturing building in Railtown sold for $9.6 million amidst the country’s tightest industrial vacancy rate. The 16,950-square-foot Art Deco property sold for approximately $610 per square foot.
3. 12974 88th Ave., Surrey. NAI Commercial.
A nearly 5-acre development site in Surrey sold for $11 million, to be used as truck parking. The site is zoned for Light Impact Industrial use and can be rezoned for medium- to- high- density residential development.
2. 3615 34th Street NE, Calgary. Barclay Street Real Estate.
A crane service facility in Calgary sold for $12.9 million, making it the second-priciest industrial Done Deal submitted. The manufacturing building measures 76,345 square feet, situated on a 5.48-acre lot.
1. 43903 Industrial Way, Chilliwack. Royal LePage Wolstencroft.
The Done Deal taking home top dollar is a self-storage facility in Chilliwack, selling for $13.5 million in May. The 4.7-acre site houses a 765-plus unit Sure Lock Self Storage. Impressively, the property sold for more than double its assessed value of nearly $5 million.
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