DELTA, BC. Court-ordered sale. Unit 104 at 7672 Progress Way is a 19,517 SF large-bay industrial strata unit in Progress Way Business Centre, the seven-unit concrete tilt-up complex Beedie completed in Tilbury beside Highway 17. It has 32 ft clear, two dock doors and one grade door, 2,500 amps of 3-phase power at 347/600 volt, ESFR sprinklers and a 2,979 SF mezzanine. It is being sold by a court-appointed receiver, as-is where-is, and the asking price is $9,270,575, about $475 per square foot. The listing brokers are my NAI Commercial colleagues J-D Murray and Gary Haukeland, and I am marketing the unit with them.
Large-bay strata product like this almost never trades in Metro Vancouver. Progress Way Business Centre sold out before construction finished, and buildings with 32 ft clear and dock loading are usually owned by institutions and leased, not offered to owner-users in strata form. A receivership sale is a defined process with a court date at the end of it. For a distributor, manufacturer or 3PL that wants to own a near-new building on the South Fraser Perimeter Road, or an investor that wants to lease it out, this is a specific window, and the price has already come down since the unit was first listed in mid-2026.
Video Tour
Photos
The Offering
- Address: 104 - 7672 Progress Way, Delta, BC V4G 1A4
- Complex: Progress Way Business Centre, seven large-bay strata units, concrete tilt-up insulated panels, completed by Beedie Group in 2023 per the listing
- Size: 19,517 SF total: 16,538 SF main floor plus 2,979 SF mezzanine
- Price: $9,270,575 (about $475 PSF on the total area, about $561 PSF on the main floor alone)
- Sale type: Court-ordered receivership sale; as-is, where-is; all offers subject to court approval
- Clear height: 32 ft
- Loading: Two dock-level (truck-level) doors and one grade-level drive-in door
- Power: 3-phase, 2,500 amps at 347/600 volt
- Building systems: ESFR sprinklers, high-efficiency LED lighting, skylights, gas-fired unit heaters, circulation fans
- Floor load: 700 lb PSF warehouse, 100 lb PSF mezzanine design load, per the developer's specifications
- Parking: 17 designated stalls in the surface lot shared with the other six units
- Zoning: I2 Medium Impact Industrial, City of Delta
- Strata fees: $2,674.18 per month (about $32,090 per year)
- Property taxes: $89,529.41 per year, per the listing
- MLS number: C8079259
What a Receivership Sale Means
On April 28, 2026 the Supreme Court of British Columbia appointed Crowe MacKay & Company Ltd. as receiver of the companies that owned and occupied the unit, and the receiver is selling it under that order with NAI Commercial as listing broker. Three things follow for a buyer. The unit is sold as-is, where-is, so your due diligence replaces vendor representations: building condition, strata documents, environmental and title are yours to satisfy. Offers need to be clean and well supported, because the receiver has to show the court it ran a fair process and accepted the best available deal. And nothing is final until the court approves the sale, which adds a step and a few weeks to the timeline but also gives you a vesting order that delivers clear title. I have the information package and can explain how the receiver wants offers presented.
What It Costs to Carry
Beyond financing, the fixed costs are the strata fee of $2,674.18 per month and property taxes of $89,529.41 per year. Together that is about $121,620 per year, or roughly $10,135 per month, on 19,517 SF, which works out to about $6.23 per square foot per year. For an owner-user, compare that plus your mortgage against what 32 ft clear, dock-loaded space leases for in Delta today; see the Delta figures in my lease rates guide. Send me your current rent and I will run the comparison for your situation.
Who It Fits
The building is designed for distribution and light manufacturing: one open main floor, 32 ft clear for high racking, dock and grade loading on the same wall, heavy power and ESFR sprinklers that let you store most commodities at height without extra in-rack protection. That suits a regional distributor, a 3PL, a food or consumer products manufacturer that needs 2,500 amps, or an importer moving containers through Deltaport. For an investor, large-bay strata with this specification is rare enough that the lease-up case is straightforward. Any use is subject to zoning and strata approval.
Location and Zoning
Progress Way runs along Highway 17, the South Fraser Perimeter Road, in Delta's Tilbury industrial area, and the building faces the highway. Highway 91 and Highway 99 are minutes away, Deltaport and the Tsawwassen ferry terminal are down Highway 17 to the south, and the Alex Fraser Bridge connects to New Westminster, Burnaby and Highway 1. The unit is zoned I2 Medium Impact Industrial; see my Delta industrial zoning guide for what the district allows. For the wider market, see my Tilbury industrial submarket profile and my note on the Tilbury corridor and Delta's industrial outlook.
Frequently Asked Questions
How much is Unit 104 at 7672 Progress Way, Delta?
The asking price is $9,270,575 for 19,517 SF, about $475 per square foot. Strata fees are $2,674.18 per month and annual property taxes are $89,529.41, per the listing. The price has been reduced since the unit first came to market in mid-2026.
What does a court-ordered receivership sale mean for a buyer?
Crowe MacKay & Company Ltd. was appointed receiver by the Supreme Court of British Columbia on April 28, 2026, and is selling the unit under the receivership order with NAI Commercial as listing broker. The unit is sold as-is, where-is, without the usual vendor representations, and any accepted offer must be approved by the court before it is final. The process is well defined and I can walk you through the timeline and what a court-ready offer looks like.
How big is the unit and how is it laid out?
19,517 SF in total: a 16,538 SF main-floor warehouse with 32 ft clear height and a 2,979 SF mezzanine. The main floor is one open large-bay space served by the loading doors along the rear; the mezzanine sits above the front of the unit. Areas are from the listing and the developer's plans and should be verified by the purchaser.
What loading and power does it have?
Two dock-level (truck-level) doors and one grade-level drive-in door, with 3-phase power at 2,500 amps, 347/600 volt. The building is concrete tilt-up with ESFR sprinklers, LED lighting, skylights, gas-fired unit heaters, circulation fans and a 700 lb PSF warehouse floor load, per the developer's specifications.
What is the zoning and what can it be used for?
I2 Medium Impact Industrial under the City of Delta zoning bylaw, which covers warehousing, distribution, manufacturing and most general industrial uses. Any specific use is subject to zoning and strata approval, and I can confirm a use with the City and the strata before you tour.
Who is selling it and how do I see it?
The listing brokers are J-D Murray and Gary Haukeland of NAI Commercial, and I am marketing the unit with them. Showings are by appointment. Call or text me at 236.971.1180 or email sbrahem@naicommercial.ca and I will set up a tour and send the information package.
Next Steps
I can send the information package, explain the receiver's offer process, confirm zoning and strata rules for your use, and arrange a private showing. Call or text me at 236.971.1180 or email sbrahem@naicommercial.ca. You can also view the listing on REALTOR.ca, read the receiver's notice, see the developer's original brochure for the complex, or browse my current listings.
This information is provided by NAI Commercial without warranty or representation as to accuracy and is subject to errors, omissions, change of price, prior sale, or withdrawal without notice. Unit details are from the MLS listing (C8079259), the receiver's notice and the developer's published specifications; areas are approximate and should be verified by the purchaser. The property is sold as-is, where-is, and any sale is subject to court approval. Use is subject to zoning and strata approval.