Ladher Express make off market Dandenong South warehouse purchase
A low-site-coverage commercial property, near south-East Melbourne’s arterial road network, has sold for $5,700,000.
Logistics firm Ladher Express purchased the site at 46-62 Fowler Road, Dandenong South.
The site comprises of 26,080 square metres, and features a 2,190 square metre warehouse building.
CBRE’s Lachlan Ferguson and Ned Murphy managed the off-market sale.
“The site’s access to major arterials, namely the South Gippsland Highway, M1 and Dandenong Bypass,was a driving factor in this off-market acquisition,” Mr Ferguson said.
“There is currently an under supply of low-site-coverage assets in Melbourne’s south-east, and tenants and owner occupiers are prepared to pay a premium for this type of asset.”
The property previously traded in 2015, when it sold for $2,500,000.