Annacis Island industrial site sells at $3.4M above assessment

By
for Western Investor
October 28, 2019





DD annacis industrial

A 55,154-square-foot industrial property on Annacis Island in Delta, B.C., has sold for $12 million, reports Re/Max Commercial Advantage. That is twice what the vendor paid for it 2013 and $3.4 million above its current assessed value, and the equivalent of $4.3 million per acre for the 2.67-acre site.

Breakdown:

Property type: Industrial

Location: 788 Caldew Street, Delta (Annacis Island)

Property size: 55,514 square feet

Number of units: Two

Land size: 2.67 acres

Zoning: Medium-impact industrial

B.C. Assessment value: $8.55 million

List price: $12.2 million

Sale price: $12 million

Price per acre: $4.3 million

Brokerage: Re/Max Commercial Advantage, Vancouver

Broker: Rachel McGladery


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