Office warehouse Investment
Acquired for syndication – Leased to L3 Micreo (Defence technologies)
Located within an office park (Brisbane Technology Park) the property is used as an office and technical facility. It is leased to a multinational tenant in L3 Harris (Micreo) a listed company and is prominently situated with exposure to Logan Road.
The tenant has been operating from the property since 2006, and is responsible for all property related outgoings.
The total site area is 4212 m2 and building area 1549 m2
*The property also adjoins 3 Hi Tech Court and which will also will be owned by the same owning entity as this property which could create long term redevelopment options.
Purchase yield 7.25%
Wale 3.7 years (at acquisition date)
100% leased to L3 Micreo.
All areas and figures are approximate only. All reasonable steps have been taken to ensure the accuracy of this information and this does not constitute any representation by us as agent and should be considered a guide only.