Chemical and automotive company Marchem has purchased a warehouse property in the industrial suburb of Tottenham for $2,400,000.
CBRE’s Tom Murphy and Ricardo Cappelletti negotiated the sale in conjunction with Nick Ott and Kellie Grant of Greg Hocking.
The 5-7 Alick Road property comprises a 2,210sqm warehouse with multiple roller door access points situated on a 3,214sqm land parcel.
“This property offers occupiers a large power supply, generous yard and drive through capability on a corner site –attributes that are often sought but rarely found,” Mr Murphy said.
Mr Cappelletti commented; “The expressions of interest campaign attracted a high level of interest, with five groups ultimately submitting offers at the close of the campaign.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), 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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.
