Mount Pleasant development site sold for $18.5M
The industrial site sold for $9 million above its assessed value
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A Mount Pleasant development site has sold for $18.5 million, Macdonald Commercial Real Estate reports.
The corner lot in the heart of Mount Pleasant’s industrial area offers a gross buildable area of 54,462 square feet on an 18,154-square-foot site. It is minutes away from downtown Vancouver via Cambie Street Bridge and 20 minutes from Vancouver International Airport. The property is improved with a concrete block warehouse building of approximately 8,500 square feet. The building is currently occupied to a flooring company. The building has over 20 feet ceiling height and has both dock and grade loading.
The property is located at 234 3rd Ave., Vancouver.
Lot Size: 18,154 SF
Property Type: Land
2017 B.C. Assessment Value: $9,570,600
Name of Brokerage: Macdonald Commercial Real Estate Services Ltd.
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