A medical office building in New West has sold for $10.2 million, William Wright Commercial tells Western Investor.
The eight-storey building is located in the Uptown district of New Westminser, comprised of retail, business and medical office tenants. The building is 52,011 square foot, built in 1964 on a 25,984-square-foot lot. The property offers a 106 surface parking stalls plus easy access to multiple SkyTrain stations. The site was listed for nearly $11.4 and has an assessed value of $8.5 million.
The property is located at 625 W 5th Ave., New West.
Breakdown:
Price: $10,200,000
Property Size: 52,011 SF
Property Type: Office
Zoning: C3
2016 B.C. Assessment Value: $8,550,000
Date of Sale: 08/24/2017
City: New Westminster
Province: B.C.
Name of Brokerage: William Wright Commercial
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