Local owner occupier secures Blacktown industrial asset for $10.16 million

A local scaffolding company has acquired a freestanding warehouse and office in Blacktown for $10.6 million to accommodate business expansion.

The property, located at 51 Fourth Avenue and 15A Butterfield Street, was sold as part of a strategic realignment for the owner to focus on other investment opportunities.

CBRE’s Matthew Alessi and Brendan Wein managed the sale.

The property has a total building area of 2,515sqm with a land area of 7,373sqm.

Mr Alessi said the Expressions of Interest campaign was very competitive, highlighting the strong demand for quality assets in Western Sydney.

“The asset was highly sought after due to the low demand of assets within this size range, so we had a surplus of interest and enquiry from the minute the campaign was launched to market,” he said.

“This transaction underscores the robust interest in industrial properties in the region, particularly from local owner-occupiers looking to expand their operations. The sale reflects a growing trend in the market, where competitive bidding is becoming increasingly common for well-located industrial assets,” Mr Alessi added.