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Port Coquitlam 2.4-acre industrial site sells $3 million above assessment

The vacant industrial package on Kingsway Avenue sold within days to a local buyer/user, with plans for future development, for $9.5 million.
Port Coquitlam 2.4 acre industrial Macdonald Commercial Real Estate

Property type: Industrial

Location: 1963 Kingsway Avenue, Port Coquitlam

Size of building: 14,699 square feet

Size of land: 108,290 square feet

Land size in acres: 2.48 acres

Zoning: M-2 (industrial)

BC Assessment value 2020: $6.58 million

List price: $9.95 million

Sale price: $9.5 million

Listing brokerage: Cushman & Wakefield, Vancouver

Listing broker: Rick Eastman

Buyer Brokerage: Macdonald Commercial Real Estate Services Inc., Vancouver

Buyer brokers: Nick Goulet and Stuart Wright