Virtus Property Group is paying $17.9 million for an industrial investment in Melbourne’s south east Clayton.
The soon to be vacated property was sold by Reece Australia and its owners, the Wilson family, following an off-market deal negotiated by JLL.
At 74-86 Garden Road, the asset includes a 10,857 square metre warehouse with clearance of up to 15.2 metres.
It also offers a dual loading dock and cross dock facility with six on-grade doors, a 1287 sqm weather protected awning and office.
JLL is now marketing 74-86 Garden Road for lease. It becomes available in May.
The facility occupies a 3.46 hectare block about 22 kilometres from the city.