North Vancouver industrial acre sells over assessment

Sale price for less than a fifth of an acre for $4 million equates to a price of more than $20 million per acre, agent noted.

By
Macdonald Commercial Real Estate Services / Vancouver / for Western Investor
October 1, 2020





Industrial land Macdonald Commercial Real Estate Services, Vancouver
— Macdonald Commercial Real Estate Services, Vancouver

Type of property: Industrial

Location: 1124-1128 West 15th Street, North Vancouver

Number of units: 2

Size of property: 8,000 square feet

Size of land: 8,640 square feet

Land size in acres: 0.198 acres

BC Assessment value: $3.33 million

List price: $4.2 million

Sale price: $4 million

Date of sale: September 28, 2020

Brokerage: Macdonald Commercial Real Estate Services, Vancouver

Brokers: Nick Goulet and Stuart Wright

 


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