Building type: Office
Building area: 11,127m2
Land area: 4,163m2
Purchase price: $95.3 million
Net passing yield: 5.25%
$/m2 building area: $8,565/m2
$/m2 land area: $22,892/m2
Brand new 6 level office building
2 street frontages
Good parking facilities
98.62% leased Fuji Xerox for 10 years
Designed with ability to add 5 additional floors
Located within 500m of Macquarie Park station, Macquarie University station, Macquarie shopping centre, and M2 entry and exit points.
WALE: 10 year
Net income; pa; $5,003,250
Net income; $/m2; $450/m2
Tenancies; 100% leased to 2 tenants
How Did Prosper Group Assist Their Client?
Through Prosper Group’s exposure to the commercial markets and industry reputation they were offered this property off market before any other buyers.
Prosper Group’s experience and up to date knowledge of the market assisted their client in conducting a quick initial due diligence analysis of the property, which allowed them to negotiate an agreed price in a short period of time which was essential to securing the property.
Prosper Group assisted their client in conducting a thorough due diligence analysis of the property and finalising the initial purchase documentation. Prosper Group then managed the transaction through the final construction period to completion.