Adelaide, 14 May 2015 – A trio of industrial properties in the sought after Adelaide business hub of Dudley Park are being offered for sale.
CBRE’s Jon Nitschke has been appointed to sell Units 6, 7 and 8 at 1 Oldsmobile Terrace via Expressions of Interest.
Located on a combined landholding of 2,190sqm, the property comprises near new improvements of 1,408sqm over three buildings, as well as ample onsite parking for around 38 vehicles.
Constructed in 2007, the units range in size from 408 square metres – 552 square metres and comprise double-level fitted offices and high clearance ‘tilt slab’ warehousing.
The property has a strong occupier history and is currently tenanted by Protecta Alsafe, PPG Industries and First Care Medical.
Mr Nitschke said the properties represented an outstanding opportunity to acquire a diversified portfolio of industrial units just five minutes from the Adelaide CBD.
“These properties have very limited historical vacancy and are securely occupied by well-established tenants, which will be drawcards attracting buyers to this rare opportunity,” Mr Nitschke said.
“These properties also benefit from a strategic location in the heart of Dudley Park, surrounded by modern industrial premises and several newly developed properties.”
Offers will be considered for each individual unit, a combination of units or for the entire offering. Expressions of Interest close June 11 at 4.00pm.
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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.