Surrey food facility with massive freezer sold for $15M in court-ordered sale
A Surrey food facility and farm sold for a whopping amount in a recent court-ordered sale.
Surrey’s 4586 176th St., which, according to Zealty, is 76 years old, was reported sold earlier this month for $15 million.
Zealty’s listing history says the property was previously listed for $22,500,000 in March of this year. That listing was terminated in August at a reduced price of $16,500,000 before being relisted again and eventually selling for $15 million.
According to BC Assessment, the property was most recently valued at $3,281,417, but the low valuation is due to the property being farmland. The buildings were most recently valued at just under $3 million.
The property features several large features, including a massive freezer which even puts the new Costco Business Centre freezer to shame. The freezer at Costco is 14,000 sq. ft., while this Surrey property has a freezer that’s 30,000 sq. ft.
There’s also a massive processing building that comes in at around 26,000 sq. ft.
eXp Realty
The property also features three homes.
eXp Realty
The listing speaks to the future potential of the property, saying that there’s a “large parkade [that] is great for outdoor storage, and truck access. Fertile soil is great for various crops.”
The property is also close to several major B.C. highways and the U.S. border.
A video from Farms in B.C. takes viewers on a tour, adding that the court date for the sale was earlier this month, on Dec. 11.
Zealty says that the total amount of land that was sold was over 110 acres.