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Prince George industrial site sells $1.2 million over assessment

The 18,967-square-foot complex on a 0.46-acre site sold at the full asking price of $2.7 million.
Durham Management Group, Inc., Prince George, B.C., for Western Investor

Property type: industrial

Location: 3351 15th Avenue, Prince George, B.C.

Number of units: 5

Size of property: 18,967 square feet

Land size: 20,111 square feet

Land size in acres: 0.464 acres

Zoning: M-1 (light industrial/commercial)

BC Assessment (2021): $1.54 million

Asking price: $2.7 million

Sale price: $2.7 million

Date of sale: October 1, 2021

Type of deal: Off-market

Seller: Insight Progressive Holdings, Inc.

Buyer: Durham Management Group, Inc., Prince George, B.C.