Burnaby industrial site worth $9.3 million per acre

Single-tenant, 1.32-acre Lake City Way property near a SkyTrain hub sold over assessment for $12.25 million.

Macdonald Commercial / Vancouver / for Western Investor
January 7, 2021

3210 Lake City Way burnaby
— Macdonald Commercial, Vancouver, for Western Investor

Type of property: Industrial

Location: 3210 Lake City Way, Burnaby, B.C.

Size of property: 38,208 square feet

Land size: 57,456 square feet

Land size, in acres: 1.32 acres

BC Assessment value 2020: $10.5 million

Listing price: $12.9 million

Sale price: $12.25 million

Date of sale: December 31, 2020

Brokerages: Macdonald Commercial, Vancouver; Cushman Wakefield, Vancouver.

Brokers: Nick Goulet and Stuart Wright, Macdonald Commercial and Sean Ungemach,

Cushman Wakefield.


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