Building leased to council in Queensland's Logan City fetches $3.85 million

Building leased to council in Queensland's Logan City fetches $3.85 million
Prateek ChatterjeeSeptember 12, 2016

An office building in Queensland’s Logan City with major tenant as the city council has sold for $3.85 million.

‘The Exchange’ at 106 City Road, Beenleigh was put up for sale via expressions of interest earlier this year. 

The deal was brokered by Tania Moore and Mark Witheriff of Knight Frank along with RM Realty.  

The seven-level office building is a “landmark asset” in the Beenleigh CBD, according to the property’s description.

Located on the eastern side of City Road, it is a short freeway-drive to Brisbane or the Gold Coast

The building has a net passing income $290,136 pa. 

The net lettable area is 1,695 sqm.

Editor's Picks

Gary Dempsey reveals second luxury Scarborough apartment development, Myka Residences
Inside the vision of Wahroonga Estate: Five minutes with Capital Corporation's Jim Hunter
First look: Last chance at Surry Hills Village as TOGA launches luxury terrace collection
Residents start to move into Development Victoria’s LUMA Sunshine North community
Olio Officer: Connected and affordable living in Melbourne's south east growth corridor