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Industrial land in South Westminster sold for $1.4 million per acre

The 3.68-acre site sold for $5.1 million this April
south westminster land
 
Price: $5,100,000
Lot Size: 3.68 acres 
Price per acre: $1,385,869
Property Type: Land 
Zoning: IL
2016 B.C. Assessment Value: $3,860,000
Date of Sale: 04/13/2017
City: Surrey
Province: B.C. 
Name of Brokerage: Colliers International 
 
A 3.68-acre industrial site in the South Westminster area of Surrey has sold for $5.1 million, Colliers International reports. 
 
The property is zoned Light Impact Industrial 1 Zone. Situated at the corner of Scott Road and 104 Avenue, the site has easy access to major transportation routes, including Highway 1 and the recently completed South Fraser Perimeter Road. The SFPR provides an efficient connection from the Deltaport container terminal, the largest container terminal in Canada, to businesses and other transportation corridors in the interior. The land was assessed at nearly $3.9 million. 
 
The property is located at 10472 Scott Rd., Surrey.
 
 

 

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