Twelve acres of Saskatoon industrial sold for $592K per acre

There is a warehouse on site and a surplus of seven acres of undeveloped land

for Western Investor
December 13, 2016

saskatoon warehouse
The property has substantial frontage on 60th Street East in Saskatoon’s thriving Marquis Industrial area.
Price: $7,100,000
Lot Size: 12 acres 
Property Type: Industrial 
Zoning: IH
Date of Sale: 12/08/16
City: Saskatoon 
Province: Saskatchewan
Name of Brokerage: ICR Commercial Real Estate
Name of Vendor: 60 Street Saskatoon Holdings Ltd. 
Name of Buyer: 101055353 Saskatchewan Ltd. 
Twelve acres of industrial land has been sold for $7.1 million by ICR Commercial in Saskatoon. 
The site features a 78,385-square-foot warehouse, developed to accommodate a food processing facility. In addition, the land is zoned IH, or Heavy Industrial, and allows for institutional, distribution, storage, manufacturing, fabricating, retail and wholesale use. There is a nearly 7-acre surplus of available land for development. 
The property is located at 820 60th St. E., in Saskatoon’s Marquis industrial area. The land is easily accessible by City of Saskatoon transit and near food and retail amenities such as Boston Pizza and Peavey Mart. 
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