Investors Seeking Well-tenanted Properties

Gorman Commercial’s Nathan May and Stephen Gorman sold a well-presented office suite at 2, 1632 High Street, Glen Iris via a private sale campaign to a private investor for $568,000 on a 5.5% yield and building rate of $5,327 p/sqm. Nathan May commented, “Investors are actively seeking well-tenanted sub-million dollar investment properties in blue-chip locations.”