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
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”.