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North Vancouver industrial portfolio sells for $44 million

Deal includes four buildings totalling more than 110,000 square feet on a 2.79-acre site on West 1st Avenue and is considered the largest North Shore industrial sale this year to date.
Western Investor Staff
945-999West 1st Avenue North Vancouver
Avison Young, CBRE, Vancouver, for Western Investor

Type of property: Industrial

Location: 945-949 West 1st Avenue. North Vancouver, B.C.

Number of buildings: 4

Property size: 110,000 square feet (approx..)

Land size:121,532.4 square feet

Land size in acres:2.79 acres

Zoning: M-3

Sale price: $44 million

Date of sale: May 26, 2021

Brokerage: Avison Young, Vancouver, (seller’s agent) and CBRE, Vancouver (buyer’s agent)

Brokers: Matt Thomas, Avison Young; Lawson Chu and Yashar Khalighi, CBRE.