ESR banks $26.5m from industrial investment
ESR Group has quietly sold neighbouring modernised warehouses in Melbourne’s south east to an occupier.
The asset manager banked $26.5 million for the Healey Industrial Estate at 1 Healey Road, on the north east corner of Frankston-Dandenong Road, Dandenong South.
Covering 1.19 hectares, there are two buildings with a total 9798 square metres of industrial space.
The office component – 2085 sqm or 18 per cent – is higher than most assets of this type.
Occupier buys in
Summertime Pools – the buyer – and Bray International occupy 1 Healey Rd.
Carter Holt Harvey formerly tenanted.
Goodman was once the landlord.
Colliers’ Gordon Code, Sean Thomson and Gavin Bishop brokered the off-market deal.
Dandenong South is about 31 kilometres from town.
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