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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