This article is from the Australian Property Journal archive
A PRIVATE investor has honed in on Melbourne’s south-eastern industrial market, paying $1.375 million for a Carrum Downs building leased to CEA Technologies.
Tony Aminian of Simple Industrial Commercial negotiated the sale.
The 940 sqm building was constructed about ten years ago and changed hands at a 6.1% yield, with a current return of $84,870 per annum.
CEA Technologies specialises in the design, development and manufacturing of advanced radar and communications solutions for civil and military purposes.
Australian Property Journal