Arrow Capital Partners have acquired a large single-storey warehouse and office building in Clayton South for $10.2m.
The property at 110-112 Fairbank Road consists of a 1.37ha site with second road frontage to Osborne Rd offering convenient access to the Monash Freeay and Eastlink Motorway.
The property was sold by MPM Marketing Services who retain a 7 year lease on the premises at a commencing at $629,496 per annum with 3% pa fixed increases.
The property was offered to the market in August last year by Colliers.
The purchase price reflects a passing yield of 6.1%.
Arrow Capital a private real estate company that invests in equity and debt opportunities in the Asia-Pacific and European markets, backed by AMB Capital, (the Family Office investment vehicle of Angela Bennett one of Australia’s largest family offices).
Arrow Capital joined Starwood in the $438m acquisition of 821 Pacific Highway Chatswood and in the $160m acquisition of 29 Christie Street St Leonards.
The Group focus on risk-adjusted opportunities across the full investment spectrum, including Core Plus, Value Add, Opportunistic and Development, particularly where US, European and Asian private equity institutions and family offices wish to deploy capital.
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