Sizzling investment opportunity in Adelaide industrial hot spot
Sizzling investment opportunity in Adelaide industrial “hot spot”
| 21 August 2018
An industrial facility with diverse industry appeal has been listed for sale in Adelaide’s Green Fields.
CBRE’s Craig Klemich and Jordan Kies have been appointed to sell the 17-29 Watervale Drive property in Green Fields, comprising a 30,612sqm site and assured tenancy, of Town and Country Freighters, through to 1 January 2028.
The office and warehouse facility, which provides a gross lettable area of 8,832sqm, represents a long-leased investment opportunity in one of Adelaide’s most well-established industrial precincts.
Mr Kies said that “whilst this is a long-leased investment proposition, the large site area, wide street frontage and building configuration lends itself to a longer-term re-development and value-add play.”
Mr Klemich added that the Green Fields property was ideally located between the Northern Expressway and Port Wakefield Road.
“Green Fields is the new “hot spot” in Adelaide’s industrial market. With a building site coverage of only 29%, there is a huge opportunity to develop further in the future – be it demolished and redeveloped or value add to the existing premises.”
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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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.