Sydney, 5 March 2014 – The Charity Association of Sehbel has acquired an industrial strata unit in Strathfield South for $870,000.
Located at 4/2-4 Dunlop Street, the property is located in a small complex of seven units and is situated in close proximity to the Hume Highway and Centenary Drive.
CBRE’s Michael Binskin negotiated the deal in an off market transaction on behalf of a private vendor.
The sale represented an initial yield of 8.2% and was sold within two days of listing.
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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.au.
