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Update: Langley 1.7-acre industrial lot sells for $11.6 million

Sale price for the land was more than $3 million above the assessed value.
NAI Commercial, Vancouver, for Western Investor

Property type: Industrial land

Location: 5680 Production Way, Langley, B.C.

Land size: 1.7 acres

Zoning: I1

BC Assessment Value: $8.42 million

Sale price: $11.6 million

Date of sale: June 6, 2023

Buyer: City of Langley

Brokerage: NAI Commercial, Vancouver (buyer's agent); Colliers, Vancouver (seller's agent) 

Brokers: Angie MacDonald and Gary Niesner (NAI); Don Vintner and Max Wiltshire (Colliers)