T.V Comms Investments has sold its office warehouse in the highly sought after Tullamarine commercial precinct for $1.05 million.
CBRE’s Amanda Traficante, Daniel Eramo and Daniel De Sanctis negotiated the transaction for Unit 9/85-91 Keilor Park Drive, which was acquired by an automotive performance parts company. The property totals 528sqm, with the final sale price reflecting a rate of $1,988 per square metre.
Ms Traficante said the campaign received overwhelming levels of enquiry from both owner-occupiers and investors.
“We dealt with a significant number of owner occupiers throughout the campaign, who recognised the attractive offering. Interest was largely driven by the highly exposed site within one of Melbourne’s key commercial precincts – presenting a prime opportunity to strategically position their business,” Ms Traficante said.
The property is positioned on a prominent corner block and just four kilometres from Melbourne Airport. It comprises a two-storey corporate office over 394sqm, seven onsite car spaces and one container height roller door.
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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 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.
