Commercial Drive industrial property sold for $4.9M

The site was listed for $5.9 million and has an assessed value of $4.4 million

By
for Western Investor
June 5, 2019





commercial dr
 
An industrial property in the Kensington Cedar Cottage neighbourhood in Vancouver has sold for $4.9 million, William Wright Commercial reports. 
 
The 8,265-square-foot building is located within walking distance from Trout Lake and blocks away from Victoria Drive. The site is 8,008 square feet and the building was constructed in 1992. The site provides an opportunity for an owner / user to acquire a well-maintained, centrally located property with redevelopment potential.  
 
The property is located at 3586 Commercial Dr., Vancouver. 
 

Breakdown: 

 
Price: $4,900,000
Lot Size: 8,008 SF 
Property Type: Industrial 
Zoning: MC-1
2018 B.C. Assessment Value: $4,490,100
City: Vancouver    
Province: B.C. 
Name of Brokerage: William Wright Commercial 
 
 

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Cory specializes in the acquisition and sale of commercial investment properties in Metro Vancouver, the Fraser Valley and Chilliwack market.

William Wright Commercial
430-605 Robson Street
Vancouver, BC V6B 5J3
Office: 604-428-5255

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