Strong demand for quality leased industrial assets has underpinned the sale of a Belmont facility for $3.3 million.
CBRE’s Ben Clarke negotiated the sale of 19 Brennan Way on a sale and leaseback basis to a local investor via an ‘off market’ campaign.
The modern two level office and high bay warehouse features 929sqm of gross building area and incorporates a large office component.
The seller, Peter Rullo of Land Surveys, will continue to lease the property in its current configuration.
Mr Clarke said the sale highlighted the strength of demand from investors looking to acquire quality assets in established locations.
“This property’s strong tenancy profile provided confidence and security, which attracted significant interest and ultimately helped cement its sale within a short period,” Mr Clarke said.
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