- What A 3-acre industrial property is on the block in Richmond, B.C.
- Why The property was listed as part of a court-ordered sale
- What next CBRE has the marketing assignment
A 3-acre industrial parcel in Metro Vancouver is on the block as part of a court-ordered sale with an asking price of $21.7m.
At 9151 Van Horne Way, the property has a 20,000 sq ft warehouse, which is tenanted solely by Ace Badminton. CBRE has the marketing assignment.
The campaign notes the tenant offers a holding income, but there is redevelopment potential. A portion of the property is subject to a statutory right-of-way, giving it a net developable area of just over 2 acres. The property is zoned for light industrial.
Close to the Bridgeport SkyTrain station and the River Rock Casino, the building is also about 4km from Vancouver International Airport. It is 10km south of downtown Vancouver.
