Strong demand for industrial strata units in Western Sydney has underpinned the sale of the final warehouse unit at the Chifley Industrial Estate in Smithfield for $1.098 million.
CBRE’s John Karlovasitis and Elijah Shakir negotiated the sale of unit 7, 19 Chifley Street - comprising a 684sqm office/warehouse facility with clear span warehouse area and a container sized roller shutter door.
JTM Auto Accessories purchased the property, which is located in the heart of Smithfield and provides quick access to a number of major transport routes, including Victoria Street, Cumberland Highway and the M4 and M7 Motorways.
Mr Karlovasitis commented on the deal: “Industrial strata units in established locations continue to be keenly sought after.
“Given the lack of strata stock available in the Smithfield area, there was a strong level of interest in this opportunity.”
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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.