Perth, 1 April 2015 – Favourable buying conditions have underpinned the $1.68 million sale of an office/warehouse facility in Osborne Park to a local owner occupier.
Located at 5, 8 Hasler Road, the property comprises 236sqm of office space split over two levels, a 366sqm warehouse area and 56sqm yard.
Overlooking Herdsman Lake at the entrance of Herdsman Business Park, the property benefits from a clear span warehouse are and a double-level fitted out office area.
CBRE Director, Daniel Sanzone, Industrial & Logistics Services, said the current economic conditions were ideal for occupiers to upgrade their accommodation and location.
“The current low interest rate environment was a driver underpinning this sale,” Mr Sanzone said.
“The buyer has taken advantage of favourable market conditions to become an owner occupier rather than a tenant, and in the process upgraded their location from Balcatta to Osborne Park.”
Osborne Park is located approximately seven kilometres north of the CBD.
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About CBRE Group, Inc.
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 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 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.
