Strong interest from investors and owner occupiers has underpinned the $2,950,000 sale of a Castle Hill office/warehouse unit in Sydney’s north west.
CBRE’s Brendan Wein, Matthew Alessi and John Micallef negotiated the sale of unit 1, 11 Packard Avenue on behalf of S & J Marchi Pty Ltd.
A manufacturer acquired the vacant, 1,097sqm unit, which offers clearance heights of up to seven metres, modern office space with excellent natural lighting, street exposure with easy truck access and 19 allocated car spaces.
It also benefits from being within walking distance of Hills Showground Station.
“The Hills is a tightly held location, so the Expressions of Interest process was highly competitive, with numerous bids from both owner occupiers and investors,” Mr Alessi said.
CBRE’s Brendan Wein, Matthew Alessi and John Micallef negotiated the sale of unit 1, 11 Packard Avenue on behalf of S & J Marchi Pty Ltd.
A manufacturer acquired the vacant, 1,097sqm unit, which offers clearance heights of up to seven metres, modern office space with excellent natural lighting, street exposure with easy truck access and 19 allocated car spaces.
It also benefits from being within walking distance of Hills Showground Station.
“The Hills is a tightly held location, so the Expressions of Interest process was highly competitive, with numerous bids from both owner occupiers and investors,” Mr Alessi said.
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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.
