Malaga industrial property sold by Brett Mathanda of JLL together with Anthony Vulinovich of Raine & Horne Commercial.  The industrial property at 38 Crocker Drive Malaga  sold for $8.45m further highlighting the demand in the industrial sector.

38 Crocker Street is one of Malaga’s largest multipurpose properties in Perth’s northern corridor and was previously a food production facility, on a large landholding of 22,131sqm with triple street frontage.

The property was offered as private treaty by joint agents JLL and Raine & Horne Commercial, receiving multiple offers over a four-day period. Bidfood Australia was the successful purchaser, securing the property for $8,450,000 + GST.

Brett Mathanda, Director, JLL Logistics & Industrial said, “The surge in activity, that culminated with Bidfood’s successful offer, was quite astonishing.  The property had been on the market for what could best be described as an extended period of time, so to have multiple buyers present offers within hours of each other was extraordinary.”

Anthony Vulinovich, Director, Raine & Horne Commercial added, “The interest in the property was largely driven by owner occupiers looking to upgrade into larger facilities, which is typical of the type of enquiry we are seeing across the industrial market currently.”

Located approximately 12km from the Perth CBD and approximately 17km from the Perth Airport, 38 Crocker Street is extremely well positioned to take advantage of the fast travel time afforded by proximity to the major road network, which includes Reid Highway, Mitchell Freeway & Tonkin Highway / Northlink WA. 

To request a sales analysis please email either of the selling agents via the below contact forms.