Investment
Status
Full
Purchase
Price
$4.63M
Date of
Purchase
Dec '20
Dec '21 Net
Distribution
8.00%
About Sentinel Industrial Trust
The subject property at 99-109 Crocodile Crescent, Mount St John, comprises of a 3,300sqm building on a 14,600 sqm regular shaped allotment. It is located 10km west of the Townsville CBD in the established industrial precinct of Mount St John.
The property is currently fully occupied by The Australian Reinforcing Company (ARC) – a leading manufacture and supplier of steel reinforcing in Australia since 1920. This strong tenant is secured by a newly renewed 5 year lease till May 2025.
Constructed in 2011, the property comprises of a modern industrial building, which facilitates office / staff amenities, and workshop area.
The Industrial Trust is an open ended Pooled Trust compromising of Mayfield, Paget (Sandvik), Pinkenba, Tuggerah, Paget (Emeco), Bohle, 22 Gateway Drive, Anton Road, 71 Industrial Drive, John Vella Drive, Maggiolo Drive, Mitchelmore, Roseneath, Formation Street, Crocodile Crescent, East Brisbane, Gardner Court, Wulguru, and Paget (Enterprise Street).
Gallery
Location
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