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East Vancouver 1.6-acre industrial site bought for $24.3 million

Powell Street 1.64-acre M2-zoned parcel has development potential to more than 350,000 square feet in Vancouver’s port industrial area.
Goodman Commercial Inc., Vancouver, for Western Investor
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Goodman Commercial Inc., Vancouver, for Western Investor

Property type: Industrial land

Location: 1357 and 1435 Powell Street, Vancouver

Number of lots: 2 (adjacent)

Building size: 54,946 square feet (total gross leasable)

Land size: 71,361 square feet (total)

Land size in acres: 1.64 acres

Zoning: M-2 industrial

Floor space ratio: 5 FSR

List price: $25.9 million

Sale price: $24.3 million

Brokerage: Goodman Commercial Inc., Vancouver

Brokers: Mark Goodman, Cynthia Jagger