Minchinbury industrial warehouse sold for $17.5 million

MOJ Projects, a high-end construction company has sold its 5,145sqm Minchinbury industrial site for $17.5 million.

Located at 14 Sterling Road, MOJ Projects is currently developing the site to include a 3,442sqm warehouse with bespoke finishes, a basement car park and a lift.

CBRE’s Elijah Shakir and Moshe Greengarten brokered the deal off market on behalf of MOJ Projects.

“The premium price achieved for this property translates to $5,048 per sqm of building area and is reflective of the high-spec upgrades by the developer,” Mr. Shakir said.

“We have seen a surge in interest from owner occupiers in western Sydney which are surpassing investor interest in some cases.”