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East Vancouver light industrial building sold for $924 per square foot

The 4,490-square-foot building on a 6,000-square-foot lot fetched $4.15 million
DD East Vancouver light industrial

Powell Street building comprising 4,490 square feet of industrial space has sold for $4.15million, report CBRE and Cushman & Wakefield. The 6,000-square-foot lot is zoned industrial at a floor-space-ratio of 3.0.

Breakdown:

Property type: Light industrial

Property location: 1918 Powell Street, Vancouver

Building size: 4,490 square feet

Zoning: Industrial FSR 3

Lot size: 6,000 square feet

List price: $4.49 million

Sale price: $4.15 million’

Date of sale: March 18, 2020

Brokerages: CBRE Vancouver, Cushman & Wakefield

Brokers: Angus Tone of CBRE with Andrew Hudson and Bow Iravina of Cushman & Wakefield