Mr Homes said that the property was sold off market to a private investor who was keen to acquire a modern investment with convenient freeway access.
“Demand for high quality industrial investments continues to go from strength to strength due to the lack of available properties on the market and the low interest rate environment,” Mr Homes commented.
Mr Murphy added that the team was involved throughout the development cycle of this property.
“We originally sold the site to the developer, pre-leased the property to a specific tenant and have now sold it as an investment at a record rate per square metre,” Mr Murphy said.
The Industrial 1 zoned property benefits from convenient freeway access, yard space, fully fitted offices and amenities.
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