East Vancouver site slated for stacked industrial development sold

The 18,392-square-feet corner lot along Clark Drive sold for $7.6 million

By
for Western Investor
July 14, 2017





auto shop
 
An industrial property in East Vancouver has sold for $7.6 million, Avison Young tells Western Investor. 
 
The 18,392-square-foot lot is zoned for light industrial and represents a future redevelopment opportunity with holding income with a maximum density of 3.0 FSR. The purchaser is planning a five-storey light industrial and office stacked strata project. Located just minutes from Downtown Vancouver, the property offers excellent exposure along Clark Drive with traffic counts exceeding 37,000 vehicles daily. The site currently houses a 6,280-square-foot auto shop. 
 
The property is located at 830 Clark Dr., Vancouver. 
 

Breakdown:

 
Price: $7,600,000
Lot Size: 18,391 SF
Property Type: Industrial
Zoning: I-2
FSR: 3
2016 B.C. Assessment Value: $7,132,800
Date of Sale: 07/12/2017
City: Vancouver
Province: B.C.
Name of Brokerage: Avison Young 
 
 

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Russ is a principal at Avison Young where he specializes in the sale and leasing of properties in the Vancouver region, and working with users in an advisory role.

Avison Young Vancouver
#2900 – 1055 W Georgia Street
Vancouver, B.C. V6E 3P3
Office: 604-757-5115

Kevin is a vice president at Avison Young where he has specialized in the sale and leasing of properties in the East Vancouver and Burnaby areas over the past seven years.

Avison Young Vancouver
#2900-1055 West Georgia Street
Vancouver, B.C. V6E 3P3
Office: 604-646-8393

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