It sold to a nearby occupier which plans to expand.
On a 1.64 hectare block, 96-108 Greens Road accommodates a 6591 square metre building containing 608 sqm of office space, a boardroom, showroom and 5983 sqm warehouse.
It also includes four container-height roller doors, a large canopy and concrete hardstand.
Mr Tishler told commercialview.com.au, which first reported the transaction, that it was a “fantastic result” indicative of the strength of Melbourne’s industrial market.
Two weeks ago we reported that Osprey Property Group paid $8.3 million for an industrial investment at 4 Healey Road, Dandenong South. On 1.8 hectares of land, with a 10,914 sqm office warehouse, this property was offloaded with a leaseback by the owner-occupier Aware Environment Group.
Last month we also reported that Vaughan Constructions had sold a purpose-built industrial investment within the suburb’s Hammond Business Park to Dex Collections. Upon completion, the 1.3 hectare land holding will contain a 4905 sqm office warehouse and 74-bay car park.
Crabtrees Real Estate also negotiated the Dex Collections deal.