Investment
Status
Full
Purchase
Price
$6.53M
Date of
Purchase
May '16
Apr '24 Net
Distribution
9.5%
About Sentinel Industrial Trust
A modern freestanding facility built in 2010, the property comprises a single level office building, three warehouses, paint booth, wash bay and a small oil store. Situated on a substantial parcel of land (21,000sqm), the buildings are surrounded by extensive concrete car parking, concrete hardstand and road base hardstand (site cover 22%).
The property is fully leased to Sandvik, a global engineering firm employing over 47,000 people across 102 countries with a reported global net profit of over AUD $1 billion. A new 10-year lease was signed in May 2020, with an additional 5 year option.
Located within Mackay’s primary industrial precinct with excellent access to the Bruce Highway, the property is 6km south of the Mackay CBD, 3km from the Mackay Airport and 2km from the Mackay Retail Freight Centre.
The Industrial Trust is an open ended Pooled Trust compromising of Mayfield, Paget (Sandvik), 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, Paget (Enterprise Street), and Ron McLean Drive.
Gallery
Location
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