Private investor buys Crestmead, Brisbane industrial complex

Private investor buys Crestmead, Brisbane industrial complex
Private investor buys Crestmead, Brisbane industrial complex

A private investor has paid $5.25 million for a modern industrial complex in Brisbane’s Crestmead.

Located in one of Brisbane's fastest growing industrial logistics hubs, the 6-8 Radium Street property, comprises 4,358 square metres of building floor area.

The vendor of the fully leased industrial property was Rob Pilch Investments Pty Ltd.

CBRE’s Sam Higgins and Edward Bull negotiated the sale.

The property offered a diverse income spread, with three established tenants -global company Unistrut and Australian-based companies Parkridge Holdings and Leverlink.

Mr Higgins said the property attracted strong interest from a range of private investors - most notable self-managed super funds.

“Demand for properties such as the subject investment is significantly outweighing current stock levels, and as a result of this imbalance, we anticipate net yields will continue to strengthen,” he added.   

Tags: 
Brisbane Industrial

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