The home of Toll Chemical’s Adelaide headquarters is being offered for sale, unlocking a prime real estate parcel that is expected to attract significant investor interest.
CBRE’s Craig Klemich and David Reid have been appointed to sell 591A Grand Junction Road, Gepps Cross via an Expression of Interest campaign.
Located on a 13,300sqm site, the property comprises a 6,119sqm transport facility including a large loading canopy, high clearance warehouse and B-double drive around access.
The property is leased to Toll Chemical until June 30, 2019, generating an annual income of $459,515.
Mr Klemich said the property represented an outstanding investment opportunity in one of the state’s leading industrial precincts.
“Having been occupied since 2008 by a leading international transportation and logistics company, this property offers both investment security and further growth potential,” Mr Klemich said.
“Gepps Cross is one of South Australia’s leading industrial precincts, being in close proximity to major transport routes and only 10km from the CBD.”
The property is located nearby two of Adelaide’s main transport routes – Port Wakefield Road and the Northern Expressway – as well as a number of national operators, including Visy, Schneider Electrical, Cavpower and Woolworths.
The property is being offered for sale via an Expression of Interest campaign closing November 3 at 4pm.
CBRE’s Craig Klemich and David Reid have been appointed to sell 591A Grand Junction Road, Gepps Cross via an Expression of Interest campaign.
Located on a 13,300sqm site, the property comprises a 6,119sqm transport facility including a large loading canopy, high clearance warehouse and B-double drive around access.
The property is leased to Toll Chemical until June 30, 2019, generating an annual income of $459,515.
Mr Klemich said the property represented an outstanding investment opportunity in one of the state’s leading industrial precincts.
“Having been occupied since 2008 by a leading international transportation and logistics company, this property offers both investment security and further growth potential,” Mr Klemich said.
“Gepps Cross is one of South Australia’s leading industrial precincts, being in close proximity to major transport routes and only 10km from the CBD.”
The property is located nearby two of Adelaide’s main transport routes – Port Wakefield Road and the Northern Expressway – as well as a number of national operators, including Visy, Schneider Electrical, Cavpower and Woolworths.
The property is being offered for sale via an Expression of Interest campaign closing November 3 at 4pm.
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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 (based on 2015 revenue). The company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.
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 2015 revenue). The company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.
