$3.4 million sale of key industrial property in Rutherford to local scaffolding business

Rutherford, NSW, October 2024 – In a significant off-market transaction, Commercial Collective has facilitated the sale of 102 Racecourse Road, Rutherford, to a local scaffolding business for $3.4 million. This acquisition highlights the strong demand for industrial assets within Rutherford, a tightly held market, as local businesses invest in securing properties to support their future growth.

The property, which includes a 1,305sqm warehouse, sold for $2,605 per square metre—one of the largest industrial transactions in the area over the past 12 months.

“We’re seeing a real commitment from local businesses to invest in their future, and Rutherford’s strong demand makes this a prime location for that investment,” said Benjamin Morello, Senior Executive at Commercial Collective. “It’s rewarding to support a local business in securing such a strategic asset.”

Executive George Stylianos added, “This transaction reflects both the scarcity of available properties in Rutherford and the continued confidence of business owners in the area’s growth potential. We’re pleased to see a local company make a significant investment in the region.”

With Commercial Collective’s expertise, this sale showcases a positive trend in Rutherford’s industrial sector as businesses continue to build their presence in the community.