Four service commercial properties in Abbotsford have sold for $3.6 million, Frontline Real Estate Services tells Western Investor.
The properties include three tenanted, freestanding buildings with excellent Highway 1 exposure in the Clearbrook area. The properties are on lease to a single tenant, Pinnacle West Inc., until 2022. The buildings are zoned for service commercial use. The site was listed for $1.2 million with an assessed value of $631,400. Todd Bohn of Frontline Real Estate brokered the sale to self-represented buyers.
The properties are located at 31897 and 31899 Mercantile Way, Abbotsford.
Breakdown:
Price: $3,600,000
Lot Size: 11,350 SF
Property Type: Industrial
Zoning: C4
2016 B.C. Assessment Value: $631,400
Date of Sale: 07/19/2017
City: Abbotsford
Province: B.C.
Name of Brokerage: Frontline Real Estate Services Ltd.
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