East Vancouver site slated for stacked industrial development sold
The 18,392-square-feet corner lot along Clark Drive sold for $7.6 million
Copyright © Western Investor
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.
Lot Size: 18,391 SF
Property Type: Industrial
2016 B.C. Assessment Value: $7,132,800
Date of Sale: 07/12/2017
Name of Brokerage: Avison Young
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