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Prime Taren Point industrial site sold for $14.75 million in off-market deal

7 Box Road Taren Point

In an off-market deal, Trent Gallagher of Colliers successfully sold 7 Box Road, Taren Point, for $14.75 million Thursday last week, with prompt settlement Monday the 9th of August.

As part of the deal, the vendor Chemcorp will lease back the two-level office, showroom and warehouse for one year. Located on a 4,036 sqm parcel of land the site yield achieved was 4.74% delivering a $700,000 net income.

According to Trent Gallagher, there is a Covid-driven industrial boom with the ever-increasing rise of online sales driving logistic requirements.

The demand for high-quality industrial offerings is at an all-time high, the shift towards online sales is the way of the future and this has pushed warehouse demand by leaps and bounds. This is further fuelled by record-low interest rates.”

The new owners have purchased the site as a long-term investment. Snapshot of the site features below:

  • Modern two-level first-class office/showroom industrial building
  • Total building area: 3,582m2
  • Land area: 4,036 m2
  • 30 on-grade car spaces
  • 12 metres internal warehouse clearance
  • Constructed by award-winning builder for leading companies including Woolworths, Coles etc.
  • 2km from Caringbah Train Station

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Trent Gallagher

National Director, Property Sales & Leasing | Industrial

Sydney South

Trent has been in the real estate industry for over 14 years and in that time, he has thrived in this competitive industry and established himself as one of the most highly esteemed agents within the industry. He has honed his skills in varied markets whilst specialising in commercial and industrial properties from which he has gained immense property knowledge. Since coming to Colliers International, he has excelled across the property spectrum and has become known for his hard work becoming the leading agent in the Sutherland Shire, St George, South Sydney, South West and the Inner West markets.

Trent has been involved in some of Sydney’s most notable sale transactions which includes the old Toyota HQ at 13 Endeavour Road, Caringbah and the Qantas investment and land portfolio at Mascot. Trent has also been involved in some of Sydney’s most notable industrial and commercial leases along with notable pre-lease transactions which includes the new 18,000m Harvey Norman warehouse at Casula.

Trent continues to endeavour to be at the forefront of the industry with innovative methods in canvassing, marketing and strategic sales. He strives to actualize the goals of his vendors and work hand in hand with prospective purchasers to ensure all parties achieve the best result efficiently.

Trent takes personal pride in his responsibilities to his clients and delivering service excellence across a variety of situations with his experience and knowledge to recognise and assess any industrial, commercial, retail or residential development site requirement. His assembly of long term clients is a testament to his commitment to his work and ensuring he delivers the best result every time.

 

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