Industrial warehouse in Melbourne changes hands for $6 million

A private investor has acquired a newly built warehouse in Epping for $6 million plus GST and immediately secured a lease for the facility, underscoring the strong demand for premium logistics facilities in Melbourne’s north.

The lease for the property at 68 Reddish Close, was secured just three days after it hit the market with CGA Engineering signing on at $300,000 per annum plus GST and outgoings.

CBRE’s Jake George negotiated the sale and Corey LeFavi negotiated the lease.

Mr George noted rapid turnaround from sale to lease signals continued momentum in Melbourne’s industrial sector, particularly in the north where infrastructure upgrades and proximity to major arterials have driven strong occupier demand.

“This deal highlights the resilience and depth of Melbourne’s northern industrial market,” Mr George said.

“The speed of the leasing result reflects both the strategic location and the quality of the build,” he added.

Delivered by Impact Designer Homes and A Grade Concrete & Construction, the 1,819sqm facility sits within Frasers Property’s new 4Ten Estate, offering prime visibility to the Hume Freeway and seamless access to Cooper Street.

The location places businesses within minutes of the Epping wholesale fruit and vegetable market and Pacific Epping shopping centre, making it ideal for logistics and distribution operators seeking connectivity and workforce convenience.