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

for Western Investor
October 3, 2018

chilliwack industrial
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. 


Price: $3,475,000
No. of Units: 5
Price/Unit: $695,000
Lot Size: 20,118 SF 
Property Type: Industrial 
Zoning: CD-12
2017 B.C. Assessment Value: $813,000
Date of Sale: 09/28/2018
City: Chilliwack
Province: B.C. 
Name of Brokerage: NAI Commercial 

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