Richmond industrial property sold for $7M

The 12-unit industrial complex is comprised of two buildings situated on a one-acre lot

By
for Western Investor
October 22, 2018





valmont
 
A 12-unit industrial complex has sold for $7 million, Avison Young Commercial Real Estate tells Western Investor. 
 
The two industrial buildings are situated on a one-acre lot, totaling 22,707 square feet. The property has an assessed value of $5,493,000 and was listed for $7,252,000. The site is fully leased with a net operating income of $182,914. 
 
The property is located at 1350 Valmont Way, Richmond.  
 

Breakdown: 

 
Price: $7,000,000
Lot Size: 1 acre 
Property Type: Industrial 
Zoning: IL 
2017 B.C. Assessment Value: $5,493,000
Date of Sale: 09/14/2018
City: Richmond  
Province: B.C. 
Name of Brokerage: Avison Young Commercial Real Estate 
Name of Vendor: Gamma Holdings Ltd.
Name of Buyer: Panamerica Trade Inc.
 

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Gord is a senior associate at Avison Young Vancouver and specializes in industrial sales.

Avison Young Commercial Real Estate
2900 - 1055 West Georgia Street
Vancouver, BC V6E 3P3
Office: 604-687-7331

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