Improving business conditions have underpinned the sale of a commercial property in Adelaide’s northern industrial market for $2 million.
Leizak Investments trading as Atalanta Refrigeration has secured a 2,950sqm warehouse/office facility in Wingfield to accommodate its expanding operations.
Located on an expansive 8,380sqm site, the 22-24 Plymouth Road property comprises a 393sqm office and 2,058sqm factory warehouse.
The property includes drive through roller door access, as well as dual street frontage.
CBRE’s Andrew Nagy, who negotiated the transaction in conjunction with fellow agents David Reid and Jon Nitschke, said the sale was a direct result of local business growth.
“The purchaser was keen to secure property that would support their growing operations in the Adelaide’s metropolitan areas,” Mr Nagy said.
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia
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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.