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$11 million for Surrey industrial land

Nearly 5-acre property to be used for truck parking
surrey
The Light Impact Industrial property is located in Surrey's West Newton neighbourhood.
Price: $11,000,000      
Lot Size: 216,493 SFL
Property Type: Industrial  
Zoning: IL                     
Date of Sale: 09/29/16
City: Surrey                                              
Province: B.C.
Name of Vendor: NAI Commercial   
 

A sizeable industrial development site in Surrey sold on Sept. 29 for $11 million.

NAI Commercial Vancouver agents Gary Haukeland and JD Murray sold the 4.97-acre Light Impact Industrial property, and Haukeland says the buyers plan to use the land for truck parking. The land can also be rezoned for medium or high-density residential development and is currently situated between single-family residential subdivisions.

The property is located in Surrey’s West Newton neighbourhood, at 12974 88th Ave.