March 02, 2018

Crestmead Deal

Sentinel Property Group has bought an office-warehouse at 116 Magnesium Drive, Crestmead. The 6,195m2 building, on a 1.6 hectare site, was sold for $9.6 million. The property, which is leased to gates and fencing manufacturer Oxworks, was sold at a passing initial yield of 8.82%. The site can also be strata-titled into three separate lots.