Vernon office property with potential sold for $1.09M

Office building is fully leased and has future development potential under C-4 zoning

By
for Western Investor
October 25, 2019





DD vernon office building

A fully leased Vernon office building with future development potential under C-4 zoning has sold just under list price for $1.09 million, reports Macdonald Commercial Real Estate Services Ltd.

Breakdown:

Property type: Single-storey office commercial

Location: 35th Avenue, Vernon, B.C.

Zoning: C4 Street-oriented commercial

Property size: 4,632 square feet

Land size: 12,023 square feet

Development potential: 18,000 square feet of commercial (approx.)

List price: $1.2 million                                                                                                                                                                          

Sale price: $1.09 million

Date of sale: October 15, 2019

Brokerage: Macdonald Commercial Real Estate Services Ltd., Vancouver

Brokers: Stuart Wright and Nick Goulet


Stuart specializes in commercial investment sales and has sale experience in the United Kingdom, Australia, and Canada.

Macdonald Commercial Real Estate Services Ltd.
1827 West 5th Avenue
Vancouver, BC V6J 1P5
Office: 604-736-5611

Copyright © Western Investor

Email to a Friend

Close
Most Popular
Get the WesternInvestor.com Newsletter