Record Sale at Lexington Corporate Exceeds All Expectations | Thiink Market Update
Thiink are proud to have successfully negotiated a record sale on behalf of our client, for a commercial warehouse investment at 24-32 Lexington Drive Bella Vista, for a record breaking $2,300,000 or $4,275 per square metre. The property was marketed as a tenanted investment with a desirable 5 + 3 + 3 Lease term showing 5% net return on investment.
We are pleased to advise that within less than 3 weeks on the market, three Contracts of Sale were issued to interested parties. Within 24 hours, an offer was accepted, and contracts unconditionally exchanged. The three interested investors created competition to drive the negotiation and this resulted in a quicker exchange period.
Thiink agents pride themselves as property professionals and offer outstanding advice above anything else, with our primary goal seeking to add value to our client’s individual assets and commercial portfolios wherever possible.
We invite you to contact Shelby Woodgate on 0448 485 329 or Greg Langford on 0428 128 488 to discuss how our team can ‘add value’ to your commercial or industrial property and set the new benchmark for any of your real estate needs.
Greg Langford | Director
M 0428 128 488