Langley industrial property sold for $5.6M

The warehouse building includes three units and ample yard space

By
for Western Investor
September 19, 2017





langley warehouse
 
A freestanding industrial building with yard space in the Gloucester Industrial Estates has sold for $5.61 million, Avison Young Commercial Real Estate reports. 
 
The warehouse building is 31,288 square feet with an incorporated office space, situated on nearly 1.7 acres. The building has three separate warehouse units, one of which is currently leased. The units have 24-foot clear ceilings, with a total of six loading doors. The property sold for over its asking price of $5.5 million with multiple offers.
 
The property is located 5250 272nd St., Langley. 
 

Breakdown: 

 
Price: $5,610,000
Lot Size: 1.68 acres 
Property Type: Industrial 
Zoning: M-2A 
2016 B.C. Assessment Value: $4,573,000
City: Langley 
Province: B.C. 
Name of Brokerage: Avison Young Commercial Real Estate 
 

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Michael is a principal at Avison Young, joining the brokerage in 2009 to help build their AY Industrial Team in Vancouver.

Avison Young Commercial Real Estate
2900 - 1055 West Georgia Street
Vancouver, BC V6E 3P3
Office: 604-687-7331

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