Vendors capitalise on appetite for Sunshine Coast industrial assets

A series of Caloundra industrial sales totalling $16 million have highlighted strong ongoing buyer interest in Sunshine Coast investment and owner-occupier opportunities.

CBRE’s Jack McCormack and Matt Marenko transacted the five recent sales.

“Many of the assets have stayed in the hands of one owner for over a decade, when they were approached with the prospect of capitalising on buyer demand, many weren’t aware of the significant capital growth the properties received within the last two years,” Mr McCormack said.

“Despite a fair amount of negative commentary in the marketplace, we’re still seeing demand for quality assets throughout the Sunshine Coast.”

Mr Marenko added, “We received an excess of 500 enquires over the five campaigns, with the bulk coming from interstate investors, underpinning the appetite for Sunshine Coast assets which could potentially have a direct correlation with interstate migration to the Sunshine Coast.”

The most recent transaction of 16 Industrial Avenue Caloundra West for 1.53 million represents a 5.88% yield and 15 Industrial Avenue sold for 2.52 million, representing a yield of 7.13%.

Other sales in the suburb include 17 Industrial Avenue, 22 Enterprise Street, and 16 Enterprise Street.