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Abbotsford industrial building sold for $4.8M

The building sold for more than double its assessed value
fraser hwy
 
An industrial building in Abbotsford has sold in just seven days for $4.8 million, William Wright Commercial reports. 
 
The 7,035-square-foot building is situated on a 36,337-square-foot lot. The building is complete with five grade-level loading doors, with second floor office space and yard space. The building was constructed in 2013 and is currently used as a truck and trailer repair shop.
 
The property is located at 28739 Fraser Hwy, Abbotsford. 
 

Breakdown: 

 
Price: $4,800,000
Lot Size: 36,337 SF 
Property Type: Industrial  
Zoning: I2
2018 B.C. Assessment Value: $1,575,000
City: Abbotsford 
Province: B.C. 
Name of Brokerage: William Wright Commercial 
 
 

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