Air conditioning services and solutions company Specialized Heating and Cooling (SpecAir) has purchased an industrial property in the Melbourne suburb of Melton.
CBRE’s Ricardo Cappelletti, Tom Murphy and Todd Grima managed the $2,950,000 transaction on behalf of the private owner.
The 5 -7 Norton Drive, Melton property comprises a 4,131sqm building on a large land holding of 9,050sqm, ideal for future expansion or site re-development (STCA).
The property’s Industrial 1 Zone offers flexibility for a range of future uses with few restrictions.
Mr Cappelletti said; “This property, located in the heart of Melton’s industrial precinct, offers a large loading and marshalling area and multiple roller door access points."
Mr Murphy commented; “The property will be owner-occupied by a successful Melton based business which intends to refurbish the property while significantly upsizing from its existing nearby location.”
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.
