Road transport and earthmoving industries supplier, SMP Group has secured 3,300sqm of industrial space in Sydney’s west.
The property at 511 Victoria Street, Wetherill Park, features concrete panel walls and metal deck roofing, a high clearance warehouse with multiple roller shutter doors and convenient access to the M7 Motorway.
CBRE’s Elijah Shakir and John Tsoutsa negotiated the five-year lease deal at $110 per square metre (net), with a five-year option.
Mr Shakir commented; “We were able to secure a national tenant for our client in a deal that showcases Western Sydney’s strong rental market.”
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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.