Prime Industrial TradeCoast Property Changes Hands in $10 Million Off-Market Sale

2 May 2025
Property at 340 Curtin Avenue West, Eagle Farm


A private investor has acquired 340 Curtin Avenue West, Eagle Farm for $10 million in a significant off-market sale in the TradeCoast region.

CBRE’s Braiden Farrer negotiated the transaction and said the purchaser was a prominent landowner in the area.

Mr Farrer noted the sale was a prime example of the growing demand for commercial property in the TradeCoast region, an area poised for significant growth and development.

ā€œThis property was the missing piece of the puzzle for the purchaser, who had previously attempted to acquire the asset in 2022 but was unsuccessful,ā€ Mr Farrer said.

ā€œThe vendors had no motivation to sell unless the price was well above market value, which made this sale a true testament to the strength of the TradeCoast market,ā€ he added.

The 8,240sqm landholding with a 1,706sqm building, is leased to Coates Hire, with a weighted average lease expiry (WALE) of 3.5 years and a net yield of 4.5%.