Tilbury heavy industrial facility sold for $5.12 million
The 1-38-acre lot houses a 26,779 square feet warehouse
Copyright © Western Investor
No. of Units: 2
Lot Size: 1.38 acres
Property Type: Industrial
2016 B.C. Assessment Value: $4,473,000
Name of Brokerage: Colliers International
A two-tenant industrial property has sold for $5.12 million, Craig Kincaid-Smith of Colliers International reports.
The industrial property is 26,779 square feet on a 1.38-acre lot in Delta’s Tilbury Industrial Park. It was listed on the market for $5.32 million and had an assessed value of $4.47 million. The building is fully leased by two separate tenants and has a capitalization rate of 4.65 per cent.
The property is located at 7580 MacDonald Rd., Delta.
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