Brisbane, 30 June, 2014 – An owner occupier has purchased a modern industrial warehouse in Acacia Ridge from Stewart Horton Pty Ltd.
Located at 41 Bellrick Street, the concrete tilt panel warehouse comprises 208sqm of office space and 1,344sqm of warehouse space, with an internal clearance of 7.5 metres.
The 1,552sqm property also features dual roller door access.
CBRE’s Sam Higgins negotiated the deal on behalf of the vendor. S.W & E.K Byun purchased the property for an undisclosed sum.
Mr Higgins said demand for medium sized industrial assets was improving.
“While we have found enquiry levels for leasing to be reasonably flat over the first quarter, demand is improving and we expect this trend to continue over the remainder of 2014,” Mr Higgins said.
The property is located approximately 12km south of the Brisbane CBD.
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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 (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.