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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