Oxley warehouse earns $12.1m for Sentinel

Sentinel Property Group has sold an Oxley industrial investment for $12.05 million.

It paid $10.4 million for 141 Boundary Road in 2015.

On 1.65 hectares, the asset includes 93 car parks and a 7818 square metre office/warehouse leased to explosives maker Maxcam Australia and tyre wholesaler YHI.

Colliers International’s Simon Beirne was the agent (story continues below).

The deal reflects a seven per cent yield.

Oxley is about 11 kilometres south of Brisbane.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco