Industrial portfolio set to fetch €28.5m
A portfolio of four industrial and logistics investment properties in two Dublin industrial parks have gone on sale with a €28.5m guide price.
Branded as the Compass Portfolio, it is fully let to three tenants and currently produces a combined annual rent of almost €1.47m.
Please log in or register with Independent.ie for free access to this article.
Garrett McClean, of selling agent CBRE says the initial yield of 5.54pc has potential to be increased.
The combined floor areas extend to 19,823 sq m and the four units generate a total annual rent roll of over €1.71m.
The properties comprise Block S Greenogue Business Park extending to 14,377 sq m; Unit 519 Greenogue Business Park (2,339 sq m); Unit 3/4 North Park (1,916sq m); and Unit 5 North Park extending to 1,191sq m.
The portfolio is being sold by St. Stephen's Green Funds ICAV, controlled by private investors who bought within the last four years.