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CASE STUDY OFF MARKET FIND

FAST FACTS

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.

•P  roperty type Tenanted/Industrial

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.

• Address  34-36 Cessna Drive, Caboolture QLD

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

• 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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Q3 2018 In The Know - Caboolture | Ray White Commercial | Northern Corridor Group  

Our quarterly summary of commercial property activity in Caboolture and across the greater northern corridor. Prepared by Ray White Commer...

Q3 2018 In The Know - Caboolture | Ray White Commercial | Northern Corridor Group  

Our quarterly summary of commercial property activity in Caboolture and across the greater northern corridor. Prepared by Ray White Commer...