An industrial property in Burnaby has sold for $4.72 million, Avison Young tells Western Investor.
The 14,555-square-foot property is zoned for manufacturing use and is currently occupied by five tenants. The property is situated on a 22,346-square-foot site. The property was listed for $4.75 million and received multiple offers over a three-week period. The building was aquired by a partial owner-user.
The property is located at 6906-6919 Russell Ave., Burnaby.
Breakdown:
Price: $4,725,000
Lot Size: 22,346 SF
Property Type: Industrial
Zoning: M-4
2017 B.C. Assessment Value: $3,577,000
City: Burnaby
Province: B.C.
Name of Brokerage: Avison Young Commercial Real Estate
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