Richmond 0.96-acre industrial site attracts all-cash deal at $7.3 million

Rare freestanding industrial building on Riverside Way sold for $1.4 million above assessed value.

Re/Max Crest Realty / Richmond
December 10, 2020

12200 Riverside Way, Richmond, B.C.
— Re/Max Crest Realty, Richmond, B.C., for Western Investor

Property type: Industrial

Location: 12200 Riverside Way, Richmond, B.C.

Number of units: 2

Property size: 16,076 square feet

Land size: 41,730 square feet

Land size in aces: 0.96 acres

Zoning: IBI (Industrial business park)

BC Assessment value (2020): $5.82 million

List price: $7.89 million

Sale price: $7.3 million

Date of sale: December 1, 2020

Brokerage: Re/Max Crest Realty, Richmond

Brokers: Lily Gan and Jackey Huang

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