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34-36 Cessna Drive, Caboolture QLD

OFF MARKET FIND

Another major asset has transacted on Caboolture’s Corporate Park. This prominent complex fronting Bribie Island Road was sold by Chris Massie and Ashley Rees in an off-market transaction that has further cemented the industrial rates for the region.

The fully leased complex boasts 2,100m2 of tilt panel building on 4,000m2 across two titles and reflected a yield of 7.2%. The majority of the complex is occupied by
the former owners, who will remain on as tenants.

The deal provides the perfect outcome for a buyer with a very specific appetite and a seller who can invest back into their business to facilitate expansion that might
not otherwise be possible.

This is the fourth off-market sale of a stand-alone industrial asset completed by Ashley and Chris on this estate in the last twelve months.

Property type: Tenanted/Industrial

• Listed date: Off Market
• Land size: 4,000m2
• Building size: 2,100m2
• Net rent: $252,000pa
• Yield: 7.2%
• Sale price: $3,500,000
• Sale date: 01 Aug 2018

• Agents
Chris Massie 0412 490 840
Ashley Rees 0411 707 410

• Agent comments:
“This was a true ‘match-maker’ situation, where knowing each party’s particular situation allowed us to structure a great outcome for all involved”.

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