Botany industrial asset changes hands for $11.2m after drawing 83 enquiries

A tightly held industrial property in Sydney’s Botany precinct has been sold for $11.2 million, highlighting the continued depth of demand for well-located infill assets despite a more selective investment market. 

The property at 36–38 Sir Joseph Banks Street was acquired by a private buyer following a competitive Expressions of Interest campaign that attracted significant attention from both investors and owner-occupiers. 

Situated within one of Sydney’s most tightly held industrial markets, the premium freehold high-clearance warehouse and office facility is split into two tenancies with a combined 1,706 sqm* of total building area sitting on a total land area of 2,384 sqm* and is just moments from Port Botany, Sydney Airport and Sydney’s major transport networks. 

Sold through Nick Mallett and Jake Savery of Cushman & Wakefield, the sale reinforces the ongoing appeal of infill industrial property, where land scarcity, strong occupier demand and strategic connectivity continue to underpin buyer confidence. 

Nick Mallett of Cushman & Wakefield said the strength of the campaign reflected the enduring appeal of quality industrial assets in core inner-city locations. 
“The property was sold following a highly competitive Expressions of Interest campaign that generated more than 83 enquiries from a broad mix of occupiers and investors. 

“That level of engagement demonstrates the ongoing demand for quality industrial assets in Botany, where buyers are competing for opportunities that offer both immediate functionality and long-term strategic value. 

“We continue to see strong interest from private investors, family offices and owner-occupiers seeking exposure to infill precincts where land scarcity, infrastructure connectivity and proximity to key population centres support long-term growth” he said. 
The transaction comes as Sydney’s industrial market continues to benefit from structural demand drivers, including population growth, e-commerce expansion and ongoing supply constraints across established logistics precincts. 

Jake Savery of Cushman & Wakefield said the asset’s location and functionality were key factors underpinning buyer interest. 
“What made this property particularly compelling was the combination of a highly sought-after Botany address, quality improvements and genuine scarcity value. 

“Industrial opportunities within this precinct rarely come to market and when they do, they attract strong interest from buyers looking to secure long-term positions in one of Sydney’s most important logistics and distribution corridors” he said.