Eight brand new Acacia Ridge industrial units have sold out for a total of $12,880,800, as demand for industrial properties continues. 

Located at 30 Dulacca Street, the units ranged in size from 313sqm to 841sqm and sold for between $1,250,000 - $2,650,000.

The properties were sold by Ray White Commercial TradeCoast agents Jack Gwyn and Jared Doyle in conjunction with Colliers agents Levi Maxwell and David Brisk. 

“The units were completed in March 2023, and were another project by our valued clients Phil Rhodes and Austin Ward,” Mr Gwyn said. 

“The units received a lot of inquiry as they started to take shape, and as a result the buyers included three investors and five owner occupiers. 

“Both sales and leasing rates achieved set a new benchmark for the area, ranging from $3,151/sqm - $4,112/sqm and $192/sqm - $230/sqm net respectively.

“The industrial market is great if you have stock, which is the most challenging aspect of the market at the moment.” 

Colliers Director David Brisk said many of his clients are looking for value-add opportunities. 

“In this instance we’ve been able to repurpose an existing secondary-grade warehouse into eight high-spec commercial and industrial facilities,” Mr Brisk said. 

“This strategy significantly reduces both the environmental impact of industrial development as well as streamlines the construction phase through to completion.”

Mr Rhodes and Mr Ward also have some exciting projects in Hemmant, Sumner, Seventeen Mile Rocks, Oxley and Rocklea underway now.

To request a sales analysis please contact either of the selling agents via the below contact details.