Leading vehicle battery provider SuperCharge has leased a 4,991sqm office/warehouse facility in Sydney’s Smithfield.
CBRE’s Matthew Alessi, John Micallef, Elijah Shakir and John Tsoutsa negotiated the lease together with co-listed agent Paul Mileto of LINK Property Services.
The property - known as Building A, 31-39 Sturt Street - offers access via six roller and two sliding doors and benefits from high internal clearance of up to 7.6 metres and its close proximity to major arterial roads.
Mr Alessi said the previous tenant, Preference Floors, had engaged CBRE to provide advice pertaining to ending its lease 12 months ahead of the set expiry date.
“Securing a long-term, multi-national tenant provided significant upside for the lessor and allowed our client Preference Floors to surrender its lease with no penalty,” Mr Alessi said.
“SuperCharge was attracted to the property’s 7.6 metre clearance, allowing them to maximise their racking capacity, in addition to the excellent heavy truck access and immediate availability of the building.”
The lease commitment is for four years with a four-year option and was struck at a starting rental of $105/sqm gross + GST.
CBRE’s Matthew Alessi, John Micallef, Elijah Shakir and John Tsoutsa negotiated the lease together with co-listed agent Paul Mileto of LINK Property Services.
The property - known as Building A, 31-39 Sturt Street - offers access via six roller and two sliding doors and benefits from high internal clearance of up to 7.6 metres and its close proximity to major arterial roads.
Mr Alessi said the previous tenant, Preference Floors, had engaged CBRE to provide advice pertaining to ending its lease 12 months ahead of the set expiry date.
“Securing a long-term, multi-national tenant provided significant upside for the lessor and allowed our client Preference Floors to surrender its lease with no penalty,” Mr Alessi said.
“SuperCharge was attracted to the property’s 7.6 metre clearance, allowing them to maximise their racking capacity, in addition to the excellent heavy truck access and immediate availability of the building.”
The lease commitment is for four years with a four-year option and was struck at a starting rental of $105/sqm gross + GST.
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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 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.
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.
