Westbridge Funds Management is paying $16.1 million for a Wacol industrial investment.
The deal, with Centuria, which held it in a New Zealand fund, reflects an 8.6 per cent net passing yield.
On 1.89 hectares, the property contains a 9704 square metre office/warehouse, car and truck parking.
Penske Commercial Vehicles, a subsidiary of New York listed Penske Automotive Vehicles, is on a lease expiring in 2025, but with options can stay 10 year more (story continues below).
Wacol is about 17 kilometres south west of Brisbane.
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