Three Richmond industrial properties sold for $21.5M

The seven acres of investment land offer a redevelopment upside

By
for Western Investor
May 28, 2018





river road
 
Three industrial parcels in Richmond have sold for $21.5 million, Avison Young Commercial Real Estate reports. 
 
Two of the lots are vacant land parcels that offer immediate development potential. The third parcel has an 83,902-square-foot industrial facility providing holding income. The properties offer a current net operating income of $629,560. The total land size of the three parcels is nearly seven acres. 
 
The properties are located at 15100 River Rd., 1600 Savage Rd. and 1611 Patrick St., Richmond. 
 

Breakdown: 

 
Price: $21,500,000
Lot Size: 6.9 acres 
Property Type: Industrial 
Zoning: IL 
Date of Sale: 04/13/2018
City: Richmond   
Province: B.C.
Name of Brokerage: Avison Young Commercial Real Estate 

 

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Ryan specializes in industrial leasing, sales, land sales and investment sales throughout Metro Vancouver.

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

Garth is a principal at Avison Young Vancouver and specializes in industrial and land sales.

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

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