Industrial, Projects
Pinnacle West, 498 Progress Rd, Wacol

The first of the three industrial facilities has recently completed with that 6,000m² leased to WheelDemon for 10 years. When completed, the development know as ‘Pinnacle on Progress’ will provide approximately 17,000m² of built form GFA.

Wacol is an established industrial suburb, 21 kilometres by road south-west of the Brisbane CBD. The 4.1 hectare site is located on Progress Road, a major dual lane arterial road connecting to both the Ipswich Motorway and Centenary Highway (and Logan Motorway).

Property Details

Year of Construction
2021
Acquisition Date
2019
Independent Valuation
$24,200,000 (October 2021) – $13,900,000 (Bldg C), $10,300,000 (balance land)
Capitalisation Rate
4.5% (Building C)
Discount Rate
6.00%
NABERS Rating
N/A
NLA
6,214m² (Building C)
Car Spaces
N/A

Tenant Profile

One
Number of Tenants
100%
Occupancy
10 years

WALE

Leasing Opportunities

Contact GARDA on 07 3002 5300 or leasing@gardaproperty.com.au for more information.