top of page
Search

SOLD | Multi-Tenant Industrial Property | Port Coquitlam | Buyer Mandate

ryandegobbi
4 hours ago
1 min read


The CRE Investment & Development Team at Royal LePage Commercial is pleased to announce the successful acquisition of 1870 McLean Avenue, Port Coquitlam, with Ryan DeGobbi representing the purchaser in the transaction.


Sold | Industrial Buyer Representation a1870 MCLEAN AV port Coquitlam




This 19,400 SF multi-tenant industrial property is situated on approximately 1.009 acres in Port Coquitlam’s established Mary Hill Industrial Area. The property includes multiple industrial units, twelve grade loading doors, approximately 30 parking stalls, and additional land at the rear of the site.


The property was marketed at $9,600,000 and offered an opportunity to acquire a multi-tenant industrial asset with both existing income and longer-term owner/user potential.

Congratulations to both the listing and buyer’s agents for working collaboratively to complete a transaction at a fair price that recognized the value created by the seller through its long-term ownership, while providing the new ownership group with an opportunity to create additional long-term value.


Importantly, the transaction also allows the existing tenants to remain in place and continue operating their businesses, creating continuity for both the tenants and the new ownership group.


Buyer Representation:

Ryan DeGobbi

Senior Associate | Industrial & Commercial Investment

CRE Investment & Development Team | Royal LePage Commercial (Sussex)


Ryan specializes in industrial and commercial investment sales, with a background in capital markets, transaction structuring and financial analysis.


For more information on industrial acquisitions, investment properties or buyer representation opportunities, contact Ryan DeGobbi








Comments

bottom of page