Securely Leased Industrial Investment Sold on a 4.8% Yield

Gorman Commercial’s Jonathon McCormack and Andrew Prowse sold the securely leased industrial investment, home to ‘Civil Ingal’ at 35-37 Lakeside Drive, Broadmeadows for $6,300,000 via an expression of interest campaign. “Eight offers were submitted and over 80 inquiries were received through the expression of interest campaign with the property selling to an investor on a 4.8% yield”, mentioned Jonathon McCormack.