A Seven Hills industrial facility has sold for $2,900,000, plus GST.
Unit 4, 13 Stanton Road has changed hands between two private parties, with the vendor remaining at the 1,749sqm site for 18 months under a sale and leaseback agreement.
The IN1 General Industrial-zoned property offers excellent access to the M7 and M2 motorways, street exposure, two container-height roller doors and two levels of office space.
CBRE’s Matthew Alessi and Brendan Wein managed the campaign.
“The vendor engaged CBRE for advice on a potential sale, with a view to staying at the property through a leaseback,” Mr Alessi said.
“CBRE secured an owner occupier who was amenable to an 18-month leaseback.”
Unit 4, 13 Stanton Road has changed hands between two private parties, with the vendor remaining at the 1,749sqm site for 18 months under a sale and leaseback agreement.
The IN1 General Industrial-zoned property offers excellent access to the M7 and M2 motorways, street exposure, two container-height roller doors and two levels of office space.
CBRE’s Matthew Alessi and Brendan Wein managed the campaign.
“The vendor engaged CBRE for advice on a potential sale, with a view to staying at the property through a leaseback,” Mr Alessi said.
“CBRE secured an owner occupier who was amenable to an 18-month leaseback.”
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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.
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.
