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Industrial Real Estate Recent Commercial Sales

Recent Sale: Kodak Portfolio, Burnaby, Delta

KodakThe guys at CB Richard Ellis have brokered a big business park transaction with the sale of the 31.4 acre properties at 3755 Willingdon Ave, 3700 Gilmore Way, and 4225 Kincaid St in Burnaby and 1608 Cliveden Ave in Delta. The properties were owned and occupied by Kodak exclusively. The properties are improved with several buildings and very close to the BCIT Burnaby campus. The price paid for the entire portfolio was $43,000,000, and the total floor area is approximately $386,700 representing an aggregate price per square foot of $111 for all four properties.

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