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Top logistics facility set for market

logistics

An A-Grade logistics property has been offered to the market with an expected price tag of $20 million.

Colliers and CBRE are exclusively sellingthe Cranbourne West facility on behalf of Campbell Constructions.

The property is located within the industrial growth corridor of Cranbourne West which is moments from the Merinda Park Train Station and the Marriott Waters Shopping Centre plus 6km to the EastLink (M3).

The 11,057 sqm office and warehouse will include dual level corporate offices, 10.5m-plus warehousing clearance with expansive hardstand and drive around access suitable for B Double trucks.

Construction by Campbell Constructions is expected to reach completion in the third quarter of 2022.

With over $1 billion of unsatisfied institutional and corporate money to be placed within the industrial sector over the next two years, the campaign is set to attract significant interest from institutions, REITS, syndicators and corporate investors and is to be offered via a fund through arrangement.

Colliers’ Sam Hibbins says there is currently no office/warehouses above 5,000 sqm available for sale within major south east markets.

“With over 90% of the undeveloped land available for leasehold only, 15 Volk Road will be one of the only chances occupiers get to purchase a premium grade logistics facility of scale.”

For more information on Colliers, click here.

For more information on CBRE, click here.

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