ReVest Property Group has successfully transacted the sale of 12 Delarue Street, Marsden Park for $17,500,000 to an owner occupier with a sign of strength for the industrial market in the North West Sydney market this year.
The premium grade, newly constructed freestanding facility comprises 3,217 sqm* of high-quality warehouse and office accommodation across two levels, set on a 5,784 sqm* B7 Business Park zoned site. Key features include 10–11 metre internal clearance, a sleek glass façade, sprinklered construction, full height concrete walls, and an exclusive hardstand area.
The transaction was negotiated by Elijah Shakir, Partner at ReVest Property Group, who said the result reflects sustained owner-occupier appetite for prime industrial product in Sydney’s tightly held North West corridor.
“The $17.5 million result reflects a building rate of $5,440 per square metre, which underscores the strength of buyer demand for premium grade industrial assets in established Western Sydney precincts,” Mr Shakir said. “Marsden Park continues to attract significant capital from both owner-occupiers and investors, driven by limited supply of brand new freestanding facilities of this calibre, surrounded by blue-chip neighbours. ”
Mr Shakir said “Owner occupiers are always driven by a need to expand or contract, we have a number of vacant developments targeting owner occupiers at the moment and they have strong interest from buyers.”
For further information regarding this transaction, please contact the exclusive agent Elijah Shakir from ReVest Property Group.
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