An industrial site in Ironwood has sold for nearly $2 million above its assessed value.
The 1.4-acre site, at 12148 Horseshoe Way, between Shell and No. 5 roads, sold for $9,188,000 last month, according to Western Investor. The purchaser of the site isn’t named.
The site, zoned as industrial and office use, was valued at $7,272,000 by B.C. Assessments this year.
According to the assessment, the approximately 26,000 sq. ft. building, constructed in 1988, was valued at just over $2.8 million, and the land at nearly $4.5 million.