Brisbane

Money in Morayfield: CBRE brokers $8.8m industrial investment

Helmsman Invest has divested a 2.17ha industrial site to a self-storage business.

19 Feb 2021

Helmsman Invest has divested a 2.17ha industrial site to a self-storage business. 

Next to the busy Morayfield Woolworths, the leased facility features approximately 7,466sqm of warehouse space over multiple buildings, returning a secure income and offering development upside. 

Hugh Adnam and Dillon Murphy of CBRE’s North Brisbane Industrial & Logistics team negotiated the sale on behalf of Helmsman Invest, commenting on how the storage shortage in the area contributed to the success of the sale. 

“This site lends itself perfectly to its future use as a self-storage facility,” Mr Adnam said. 

The team approached Helmsman Invest off-market to see if they would consider an offer, even though they had settled on the facility seven days prior. 

“Once we highlighted to Helmsman Invest what price we would be able achieve, we had three potential purchasers lined up and had secured a contract within a week for $8,800,000,” Mr Murphy added.

For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Disclaimer:

Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.