Press Release
Minchinbury industrial warehouse sold for $17.5 million
Sydney
April 4, 2024
Media Contact
Senior Communications Specialist, Australia
MOJ Projects, a high-end construction company has sold its 5,145sqm Minchinbury industrial site for $17.5 million.
Located at 14 Sterling Road, MOJ Projects is currently developing the site to include a 3,442sqm warehouse with bespoke finishes, a basement car park and a lift.
CBRE’s Elijah Shakir and Moshe Greengarten brokered the deal off market on behalf of MOJ Projects.
“The premium price achieved for this property translates to $5,048 per sqm of building area and is reflective of the high-spec upgrades by the developer,” Mr Shakir said.
“We have seen a surge in interest from owner occupiers in western Sydney which are surpassing investor interest in some cases.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.