CBRE’s Industrial & Logistics team has sold two Truganina properties to separate owner occupiers, with a combined price of $4.135 million, highlighting strong demand for existing building supply in the heart of Melbourne’s west.
The properties were purchased following a recent flurry of vacant building sales, leases and land transactions in Australia’s largest industrial precinct, the thriving Link 360 estate.
Mr Cappelletti noted the industrial park assets offered the new owners optimal exposure and access.
“Located within 25 minutes of Melbourne's CBD, Melbourne Airport and the Port of Melbourne, occupying space in the industrial park is a strong move for any industrial and logistics business,” Mr Cappelletti said.
The Leader Street property features a new office and high clearance warehouse, with a total building area of 1,790sqm, including a 1,584sqm warehouse and 206sqm of office and amenities.
The site benefits from 24 car spaces, a lunchroom with kitchenette and modern features throughout.
The buyer of units 1 and 2, 4 Logic Court plans to adjoin the properties to suit its requirements.
The Logic Court property features two office/clear span warehouse buildings of the same size and specifications,10 car spaces and a bathroom, shower and kitchenette in each building.
The property’s buildings have a total area of 587sqm each, including 60sqm of office and amenity space and the option for an additional 100sqm of mezzanine office space.
The buildings have individual titles, yards and access points and benefit from proximity to Western Ring Road, the Deer Park Bypass and the Princes Highway.
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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.