Chilliwack industrial property sold for more than three times its assessed value
The five-unit warehouse has an assessed value of $813,000 and sold for $3.47 million
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A newly constructed warehouse building in Chilliwack has sold for $3.47 million, NAI Commercial tells Western Investor.
The one-storey property was built in 2017 and is situated on a 20,118-sqaure-foot site. The building has five units, sold at approximately $695,000 per unit. The property has an assessed value of $813,000.
The property is located at 43881 Progress Way, Chilliwack.
No. of Units: 5
Lot Size: 20,118 SF
Property Type: Industrial
2017 B.C. Assessment Value: $813,000
Date of Sale: 09/28/2018
Name of Brokerage: NAI Commercial
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