East Vancouver industrial building sold for $4M

The 4,000-square-foot building is fully tenanted and sold for $204 per buildable square foot

By
for Western Investor
January 8, 2019





frances st
 
A fully tenanted East Vancouver industrial building has sold for $4 million, Macdonald Commercial Real Estate reports. 
 
The building is 4,000 square feet, sold for $204 per buildable square foot. The property is zoned for light industrial use. The site has an assessed value of $3,573,700.
 
The property is located at 1215 Frances St., Vancouver. 

 

Breakdown: 

 
Price: $4,000,000
Lot Size: 6,530 SF
Property Type: Industrial 
Zoning: I-2
2017 B.C. Assessment Value: $3,573,700
Date of Sale: 12/19/2018
City: Vancouver    
Province: B.C.
Name of Brokerage: Macdonald Commercial Real Estate Services Ltd. 
 

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Stuart specializes in commercial investment sales and has sale experience in the United Kingdom, Australia, and Canada.

Macdonald Commercial Real Estate Services Ltd.
1827 West 5th Avenue
Vancouver, BC V6J 1P5
Office: 604-736-5611

Nick has been in the commercial real estate industry in Metro Vancouver and the Fraser Valley since 2006.

Macdonald Commercial Real Estate Services Ltd.
1827 West 5th Avenue
Vancouver, BC V6J 1P5
Office: 604-736-5611

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