Richmond industrial deal closes at $6.7 million per acre
CBRE Vancouver
Western Investor
Near nine-acre site near SkyTrain sells for $60.58 million in one of the city’s largest industrial transactions to date
Property type: Industrial
Location: 9800 Van Horne Way, Richmond
Property size: 112,019 square foot (warehouse)
Land size: 319,604 square feet
Land size in acres: 8.99 acres
Current zoning: IL (light industrial)
Potential: Industrial strata
Floor-space ratio: 1.0 FSR.
Sale price: $60.58 million
Date of sale: January 12, 2022 (closing date).
Brokerages: CBRE, Vancouver, with Avison Young, Vancouver.
Brokers: Terry Butt (associate), vice-presidents Bruce Richardson and Fraser Rowland, CBRE; Garth White, principal, Avison Young.
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