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Squamish industrial parcel sold for full list price of $2M

A local business paid the equivalent of $3.8 million an acre for the half-acre site
38927-production-way-squamish
A local business acquired 38927 Production Way, Squamish, on July 31 for expansion.

DEAL | A 0.52-acre industrial parcel at 38927 Production Way, Squamish, sold July 31 for the full asking price of $2 million. Previously used as an informal storage yard, listing broker Mike Guinan-Browne of Phoenix Commercial Realty fielded multiple offers within three days of the listing going live. Situated in Squamish Business Park next door to the Squamish ambulance station, a local business acquired the parcel for a planned expansion. Zoned I-11, the parcel sold 14% above the assessed value for $3.8 million an acre.

PRICE | $2,000,000

FROM | Mike Guinan-Browne, Phoenix Commercial Realty