Archive | Waikato

Corrected: Wiri sale one of 4 for Colliers

The Trust Investments Property Fund has ended up with ownership of HEB Construction Ltd’s headquarters building in Wiri at a slightly higher price than it negotiated early last year after the rental figure was finalised, taking its portfolio of commercial properties to $150 million.

It was one of 4 recent transactions by Colliers agents. The others were in Christchurch, across the road from the casino in Hamilton and in Whakatane.

South

Wiri

Corrected: 105 Wiri Station Rd:
Features: 1.46ha heavy industrial site with frontage also to Plunket Avenue, 6317m² building, 4993m² of medium to high stud warehousing, the balance a mix of modern & older-style offices, 88 parking spaces, formerly occupied by Honda NZ Ltd, refurbished early this year before HEB Construction Ltd occupied it on a 15-year lease
Rent: the lease has annual 2.5% rental increases with reviews to market every 5 years (cap & collar mechanism)
Outcome: sold vacant for $9.85 million in February, contract signed last April by the Trust Investments Property Fund and settled in November on completion of the refurbishment at $20.12 million, based on the final rental
Agents: Greg Goldfinch, Hamish West & Ben Herlihy

South Island

Canterbury

Christchurch

4 Russley Rd, corner Yaldhurst Rd; & Rangiora, 300 High St, corner King St:
Features: 2 Caltex service stations up for sale & leaseback to Z Energy 2015 Ltd at auction on 10 December; Russley Rd: 4249m² site, 383m² floor area, leaseback term 10 years 1 month + 3 5-year rights of renewal from 28 February; Rangiora: 1987m² site, same renewal rights & lease terms
Rent: Russley Rd: proposed rent $310,490/year net + gst + opex; Rangiora: proposed rent $190,035/year net + gst + outgoings; both 2%/year fixed growth, market reviews at end of initial lease term
Outcome: both sold to an Auckland buyer – Russley Rd for $5.3 million, Rangiora for $3.335 million
Agents: Mark Macauley & Will Franks

South of the Bombays

Bay of Plenty

Whakatane

106 Commerce St:
Features: 1553m² site, 1013m² 2-level office building, 2 long-term tenants, 26 parking spaces, seismic rating 100% new building standard
Rent: $204,600/year net + gst
Outcome: sold for $2.6 million, at a 7.87% yield
Agents: Rob Schoeser & Simon Clark

Waikato

Hamilton

331 Victoria St:
Features: 364m² site, 710m² 2-level building opposite SkyCity & the new Riverbank Lane retail development, seismic rating 51% new building standard
Rent: $95,000/year gross + gst
Outcome: sold for $1.13 million at a 7% yield
Agents: Justin Wang & David Palmer

Attribution: Agency release, Trust Management.

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9 commercial, industrial, retail & rural sales

Colliers agents have concluded a range of sales in Auckland & elsewhere around the North Island.

They include the Whoa! Studios at Henderson (pictured above) on a leaseback, industrial sites in East Tamaki & Hamilton, a Mt Maunganui retail development and a central Hamilton office building.

North-west

Henderson

Whoa! Studios, 8-16 Henderson Valley Rd:
Features: 5916m² entertainment venue & restaurant The Grounds in 1902m² warehouse & office building, on 2 titles, 42-space carpark + separate staff parking, zoning allows mixed used evelopment up to 72.5m high
Rent: new 10-year leasebacks for studios & restaurant at $636,339/year net + gst, 5-year rights of renewal, fixed 2.75%/year rental growth
Outcome: sale & leaseback at 6% yield, which puts the price at $10.61 million
Agents: Andrew Hooper, Hamish West, Josh Coburn, Caroline Cornish & Cherry Higginson

South

East Tamaki

42 Allens Rd:
Features: 1647m² industrial site, 862m² floor area – warehouse 736m², office 126m², shared driveway
Current rent: $100,000/year net + gst, putting the purchase price at a 4.05% yield
Outcome: sold to an owner-occupier for $2.47 million
Agents: Paul Higgins & Jolyon Thomson

South of the Bombays

Bay of Plenty

Mt Maunganui

Mount Central, 233 Maunganui Rd:
Features: 3096m² site,1345m² building, 9 tenancies of 80-120m² in retail development built in 2016, 52 parking spaces managed by Wilson Parking on lease expiring next June; commercial zone allows development to 12m, design allows subdivision into 4 titles
Outcome: sold for $16 million at a 4.9% yield
Agents: Duncan Woodhouse, Simon Clark & Mat Gibbard

Rotorua

Mangakakahi

164a Lake Rd:
Features: 698m² site, 2-storey 528m² warehouse & office, tenant has renewed with final expiry in 2027
Rent: $54,000/year net + gst
Outcome: sold for $900,000 at a 6% yield
Agents: Mat Gibbard & Mark Rendell

Gisborne

Matawai

Rockwood Farm, 2999 Whakarau Rd:
Features: 404.69ha breeding & finishing farm, sheds, centrally located homestead, 85ha of bushland 
Outcome: sold at auction for $2.9 million
Agent: Rod Chrisp

Hawke’s Bay

Hastings

306 Ellison Rd, unit 1:
Features: 800m², Ideal Electrical Ltd’s new showroom & warehouse, due for completion in April
Outcome: sold off the plans to an investment syndicate for $3.2 million
Agents: Ian McLachlan & Danny Blair

Waikato

Hamilton

256 Brymer Rd:
Features: 16.17ha development site, zoned residential, elevated views 
Outcome: sold for $7.8 million
Agent: Alan Pracy

The Kiwibank Centre, Hamilton.

Kiwibank Centre, 410 Victoria St & 12 Alma St:
Features: 1912m² floor area, ground-floor retail, 3 office floors, multi-tenanted, seismic rating 67% new building standard, 5-level 32-car The Stack on separate Alma St title
Rent: estimated $567,500/year net + gst, putting a 7.1% yield on the approximate sale price
Outcome: sold for around $8 million to Tauranga-based property fund manager Property Managers Group
Agents: John Hagar & Alan Pracy

Rukuhia

Ingram Rd, lot 11:
Features: 17,748m² industrial development site between State Highway 3 & the Hamilton Airport runway
Outcome: sold for $3,141,396 at $177/m²
Agents: Mark Brunton &Alan Pracy

Attribution: Agency release.

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Strong yield on Bayleys’ Hamilton office leads Taranaki & Waikato sales

Bayleys agents have sold 8 commercial properties in Taranaki & the Waikato, 7 at auction and one by tender, in its final Total Property campaign for the year.

Leading the results was the sale of the agency’s purpose-built Hamilton office (pictured), sold at auction on a 4.84% yield.

Taranaki

New Plymouth

1 Devon Street East:
Features: 324m2 cbd corner site, 740m2 fully tenanted 2-level building; anchored by longstanding pharmacy occupying ground floor & basement on 6-year lease from September 2015 plus 4 6-year rights of renewal, wellness centre occupies refurbished upper level on new 2-year lease
Rent: $100,000/year net + gst
Outcome: sold by tender for $1.16 million at an 8.62% yield
Agents: Iain Taylor & Alan Johnston

Fitzroy

50 Sackville St:
Features: 809m2 site, 209m2 single-level commercial building, parking at rearlongstanding tenant Sporty’s Café & Bar has 9-year lease from September 2016 plus 2 9-year rights of renewal
Rent: $48,000/year net + gst
Outcome: sold for $780,000 at a 6.15%yield
Agents: Alan Johnston & Iain Taylor

Waikato

Hamilton

96 Ulster St:
Features: 1766m2 corner site, 685m2 2-level building purpose-built as Bayleys Waikato’s regional headquarters in 2011, 25 parking spaces; refurbished & modernised in 2015 with 10-year lease until 2025 to Realty Services Holdings Ltd (multiple shareholders, 60.6% owned by Bayley Corp Ltd) plus 2 6-year rights of renewal
Rent: $224,080/year net + gst
Outcome: sold for $4.63 million at a 4.84% yield
Agents: Mike Swanson, Alex ten Hove & Jordan Metcalfe

1100 Victoria St:
Features: 160m2 single-level building in mainstreet fringe cbd location; 3-year lease from 2016 to dental practice plus 2 3-year rights of renewal
Rent: $47,058/year net + gst
Outcome: sold for $895,000 at a 5.26% yield
Agents: Rebecca Bruce & David Cashmore

Taupo

4 Roberts St:
Features: 372msite on Lake Terrace corner; 471m2 bar & restaurant plus substantial cobbled outdoor area overlooking lake; 5-year lease to Pub N Grub from April 2015 plus 2 5-year rights of renewal
Rent: $100,000/year net + gst
Outcome: sold for $2.05 million at a 4.88% yield
Agent: Brendan Gallagher

1 Tongariro St:
Features: 362m2 corner site at Lake Terrace intersection opposite lakefront, single-level 441m2 building leased to Waterside Restaurant with renewal rights until 2026, and Taupo Rod & Tackle; development potential
Rent: $98,701/year net + gst
Outcome: sold for $1.81 million at 5.45% yield
Agent: Brendan Gallagher

Te Rapa

56 Sunshine Ave:
Features: 1012m2 industrial-zoned site with existing residential use rights, 3-bedroom house at front, warehouse at rear
Outcome: sold with vacant possession for $630,000 (inclusive of gst)
Agents: Jordan Metcalfe & Rebecca Bruce

60 Sunshine Ave:
Features: 1012m2 industrial site, 432m2 warehouse with 6 roller doors, original 69m2 residential structure in front most recently used as office space
Outcome: sold with vacant possession for $607,500
Agents: Jordan Metcalfe & Rebecca Bruce

Attribution: Agency release.

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Auckland commercial, Waikato retail & southern lifestyle properties sell

Colliers agents have sold 2 Auckland commercial properties in Newmarket & Rothesay Bay, 2 retail investments in Hamilton & Matamata, and 2 lifestyle properties on the outskirts of Gisborne & Napier.

Isthmus east

Newmarket

118 & 120 Carlton Gore Rd:
Features: 706m² combined area of 2 adjacent commercial properties, net lettable area 644m², 2 separate vendors
Outcome: bought by a private investor for $7.365 million
Agents: David Burley & Kris Ongley

North-east

Rothesay Bay

595-601 Beach Rd:
Features: zoned neighbourhood centre; 595-599 Beach Rd is on cross-lease, 3/4 share in 678m², 3 tenancies; No 601 is freehold, 224m², currently a vacant yard
Rent: $66,000/year net + gst from cross-leased property
Outcome: sold for $1.28 million, at a 5.15% yield
Agents: Gawan Bakshi, Shoneet Chand & Sean Honeycombe

South of the Bombays

Gisborne

70 Haisman Rd:
Features: 12.65ha rural lifestyle property, 3-bedroom house, 6 paddocks
Outcome: sold post-auction for $1.3 million
Agents: Alan Thorpe & David Egan

Hawke’s Bay

Napier

Brookfields, 153 Kings Rd:
Features: 7.89ha lifestyle property with income from an orchard lease, has consent to irrigate
Outcome: sold at auction for $1.75 million
Agent: Duncan McKinnon

Waikato

Hamilton

11 Willoughby St:
Features: 392.4m² retail unit a corner of Mill St, 2 tenants
Rent: $90,422.20/year net + gst + opex
Outcome: sold for $1.54 million, at a 5.87% yield
Agents: Alan Pracy & Justin Oliver

Matamata

65-69 Arawa St:
Features: 352m² site, retail block built in 2016, 313m² floor area, 3 tenants
Rent: $93,225/year net + gst + opex
Outcome: sold for $1.68 million, at a 5.54% yield
Agents: Alan Pracy & Justin Oliver

Attribution: Agency release.

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10 commercial sales around Bay of Plenty & Waikato

Bayleys agents have sold 10 properties around the Bay of Plenty & Waikato, including 2 more industrial sites at the Tauriko business estate outside Tauranga, 2 properties in Tauranga and 3 around Hamilton.

Out of the main centres, the most prominent sale was of the Lemon & Paeroa premises in Paeroa (pictured above).

Bay of Plenty

Tauranga

1339 Cameron Rd:
Features: 1005m² site, 360m² single-level commercial building leased to 2 food & beverage businesses, 17 parking spaces
Rent: $53,352/year net + gst, rental increase of $28,000/year for one tenancy in March 2019
Outcome: sold for $1.2 million at a 5.46% yield
Agent: James Ross

Greerton

6 Hynds Rd, unit 1:
Features: 766m2 modern, high stud warehouse, large mezzanine, high quality offices, 6 parking spaces
Outcome: sold with vacant possession for $1 million
Agents: Myles Addington & Graeme Coleman

Tauriko

31 & 39 Paerangi Place, Tauriko, sold at $425/m².

31 & 39 Paerangi Place:
Features: 12,591m2 flat industrial site in Tauriko Business Estate in 2 freehold titles (11,041m2 & 1550m2), 3 street frontages, utility services, roading & titles in place
Outcome: sold for $5,351,175 at $425/m2
Agents: Lloyd Davidson & Jo Stewart

Lot 414:
Features: 837m2 of bare industrial land, one of limited number of smaller sites in Tauriko Business Estate, title expected to be issued second quarter of 2019
Outcome: sold for $375,000 at $448/m2
Agent: Lloyd Davidson

Waikato

Hamilton

CBD:

28 Harwood St:
Features: 2104m2 corner site on edge of cbd, 3328m2 Opus House, 1980s office building with grade A seismic rating, 38 parking spaces; 2 national occupants, Opus International Ltd the anchor tenant
Rent: $599,813/year net + gst
Outcome: sold for confidential price
Agents: Scott Kirk, Mike Swanson & David Cashmore

Beerescourt

430 Ulster St:
Features: cross-lease, 170m² dwelling consented for office use, 4 offices with kitchen, bathroom & onsite parking
Outcome: sold with vacant possession for $471,000 to owner-occupier who will renovate for finance company business
Agent: Jason Kong

Frankton

87e Killarney Rd:
Features: Freshly renovated 120m² industrial unit plus 3 parking spaces
Outcome: sold with vacant possession for $325,000, including GST, to building industry owner occupier
Agent: Anne-Marie Brown

Paeroa

2 Seymour St:
Features: 2546m² corner site at northern entrance to township with 444m² L&P building (with replica 6m L&P bottle); anchor tenancy L&P Café Bar & Brasserie, which underwent a substantial refurbishment in 2015, on 3-year lease from December 2016, with one 3-year right of renewal; buyer will occupy vacant part of the premises (previous asking rental $19,000/year)
Rent: $53,352/year net + gst
Outcome: sold post-auction for $650,000
Agents: Jo Stewart & Brendon Bradley

Putaruru

91 Tirau St:
Features: 332m² business-zoned site on State Highway 1 at the northern entrance to township, 118m² office premises in need of refurbishment
Outcome: sold for $116,500 with vacant possession
Agents: Brendon & Ryan Bradley

Tokoroa

2-4 & 6 Waratah Place:
Features: 2 adjoining titles totalling 4075m² of industrial land, exposure to State Highway 1, 183m² workshop; part of one title leased to BP Oil NZ Ltd for truckstop operation at peppercorn rental of $1/year + gst, balance of both sites vacant
Outcome: sold for $316,000
Agents: Ryan & Brendon Bradley

Attribution: Agency release.

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7 sales ranging from mainstreet to backblocks

Colliers agents have completed 7 commercial, industrial & rural sales at St Johns in Auckland, Hamilton, Hastings and Te Karaka (between Gisborne & Opotiki).

Isthmus east

St Johns

4 Farmhouse Lane:
Features: 2154m² site, 1629m² warehouse & office
Rent:
Outcome: sold with vacant possession for $4.35 million
Agents: Hamish West & Andrew Hooper

South of the Bombays

East Coast

Te Karaka

319 Whatatutu Rd:
Features: 38.8ha farm – 20ha of fertile cropping land, 18ha of grazing land, 3ha leased to a local nursery, large shed complex
Outcome: sold at auction with vacant possession for $1.15 million
Agents: David Egan & Alan Thorpe

Hawke’s Bay

Hastings

1026 Heretaunga St West:
Features: 456m² retail unit leased to ANZ Bank, 19 parking spaces
Outcome: sold for $1.805 million at a yield of 6.06% yield
Agent: Danny Blair

200 Market St:
Features: 3640m² retail & office property, predominantly leased to Kiwibank
Outcome: sold to an investor for $7,085,740 at a 6.13% yield
Agent: Danny Blair

822 Omahu Rd:
Features: 510m², new industrial development leased to engineering supplies company SaecoWilson
Outcome: sold for $1.46 million at a 4.65% yield
Agent: Danny Blair

Waikato

Frankton

279 Kahikatea Drive & 19 Wickham St:
Features: 2.44ha site in 2 titles, 6918m² warehouse
Outcome: sold for $8.3 million
Agents: Alan Pracy & Mark Brunton

Hamilton

26 Clarence St:
Features: 2009m² site, commercial office building,
Outcome: sold for $1.884 million
Agents: Alan Pracy & Mark Brunton

Attribution: Agency release.

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Silverfin executes 2 leaseback deals for syndication

Property syndicator has completed 2 sale & leaseback deals with Halls Refrigerated Transport Ltd, through Bayleys, for its next syndicate. The rent on each unit is identical.

South

Takanini

1 & unit 1/15 Spartan Rd:
Features: 2.1154ha of industrial land, over 1ha of yard, about 3700m² of warehouse, coolstore  & office; adjacent to the Takanini motorway interchange & main trunk railway line, new 12-year lease to Halls Refrigerated Transport Ltd plus 2 6-year rights of renewal
Rent: $1.05 million/year net + gst
Outcome: sold for $16.85 million at a 6.23% yield
Agents: Chris & Ben Bayley, Sunil Bhana & James Hill

South of the Bombays

Waikato

Waharoa

Factory Rd, lot 1:
Features: 1.1175ha site 6km north of Matamata with its own railway siding, 7872m² purpose-built cool- & coldstore facility constructed in 2008 with a large addition in 2016, new 15-year lease to Icepak NZ, part of the Hall’s Transport Group
Rent: $1.05 million/year net + gst
Outcome: sold for $13,548,387 at a 7.75% yield
Agents: Chris & Ben Bayley, Sunil Bhana & James Hill

Attribution: Agency release.

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Port company names first tenant for Waikato hub

Ports of Auckland Ltd named the first tenant yesterday for its new 33ha freight transport hub at Horotiu, just north of Hamilton.

Open Country Dairy Ltd, 77% owned by Talley’s Group Ltd and New Zealand’s second largest exporter of whole milk powder, will take occupancy of the facility next year.

Ports of Auckland chief executive Tony Gibson said the earthworks were complete and building had started.

The Waikato hub – or inland port – is Ports of Auckland’s fourth, following developments at Wiri in South Auckland, Mt Maunganui & Longburn, Manawatu.

The Tainui iwi’s Tainui Group Holdings Ltd is establishing a much larger inland port in Hamilton, intended to cover 480ha of a total 820ha of rezoned space at Ruakura.

Mr Gibson said the Horotiu hub was part of Ports of Auckland’s strategy to support regional growth with freight hubs next to rail in regions that generate significant volumes of exports.

“The freight hub network will contribute to lower freight costs, reduces carbon emissions and offer a wider range of shipping services to North Island exporters & importers. The hub provides future customers with a unique opportunity. Businesses will be able to have their own sites with customised warehouse design & layout.”

Until the rail connection for Horotiu is built, freight will travel by road to Hamilton and then by rail to Ports of Auckland’s Waitemata Harbour sea port.

Attribution: Company release.

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10 more sales around North Island out of auction series

Published & updated 24 September 2018
Bayleys has added 10 sales in New Plymouth (pictured), the Waikato & Wellington to its Total Property 6 auction success rate.

Update: The Tirau sale price has been entered.

South of the Bombays

Taranaki

New Plymouth

241 Devon St West:
Features: 2092mcorner site, 609mbuilding, category B seismic assessment, has been a liquor outlet for over 20 years; occupied by Liquor King on 5-year lease from June 2016, 3-yearly market rent reviews, 5 3-year rights of renewal
Rent: $64,500/year net + gst
Outcome: sold for $1.175 million + gst at a 5.49% yield
Agents: Alan Johnston & Iain Taylor

Waikato

Hamilton – Frankton

54 Greenwood St:
Features: 485m2 site on State Highway 1 with development potential, 22m2 industrial premises, one-year lease to Corys Electrical Ltd
Rent: $32,400/year net + gst
Outcome: sold for $472,500 at a 6.86% yield
Agents: Alex ten Hove & Mike Swanson

Ngahinapouri

446 O’Regan Rd:
Features: 4.4967ha site, established blueberry business & 3ha orchard plus processing packhouse, icecream & berry retail outlet, additional support buildings & 4-bedroom 204m2 house
Outcome: sold as freehold going concern for $1.95 million
Agents: Josh Smith & Scott Macdonald

Tirau

42-46 Main Rd:
Features: Unit-titled 140m2 converted dwelling on State Highway 1 opposite Sheep & Dog i-site, home to café business for nearly 20 years, lease recently renewed for 2 years
Rent: $24,192/year net + gst
Outcome: sold for $418,000 at a 5.79% yield
Agents: Rebecca Bruce & Jason Kong

Wellington

Naenae

12 Gregory St:
Features: 2088mindustrial site, recently refurbished 791m2 warehouse plus 126m2 office & 126mmezzanine, seismic assessment 70% of new building standard, 1171mrear yard used for storage; leased to Ke Kelit (NZ) Ltd for 5 years from August 2017, 3%/year rental increases & 2 4-year rights of renewal
Rent: $123,000/year net + gst
Outcome: sold for $1.691 million + gst at a 7.27% yield
Agents: Fraser Press & Christian Taylor

Petone

11 Gear St:
Features: 400msite, 336mworkshop/warehouse, 58m2 mezzanine built in 2004, longstanding automotive tenant has new 5-year lease plus 2 3-year rights of renewal
Rent: $75,000/year gross + gst
Outcome: sold for $1.15 million + gst at a 5.51% net yield
Agent: Richard Faisandier

209 Jackson St:
Features: 209msite, 177m2-level building, classified as earthquake-prone, ground floor retail, 3-bedroom flat above
Outcome: sold vacant for $420,000 + gst
Agents: Paul Cudby & Andrew Smith

Wainuiomata

15 Queen St:
Features: 292msite, 237.5m2 corner retail building, seismic assessment 67% of new building standard, formerly occupied by ANZ, now vacant except for long-term ATM lease for $3,500/year
Outcome: sold for $401,000 + gst
Agents: Paul Cudby & Ethan Hourigan

8 Wainuiomata Rd:
Features: 1512m2 site, 170mstandalone building, 21 parking spaces & redevelopment potential; national tenant Credit Union Baywide (NZCU) has exercised final 3-year right of renewal
Rent: $32,000/year net + gst
Outcome: sold for $690,000 + gst at a 4.64% yield
Agents: Ethan Hourigan & Johnny Curtis

Wingate

80-82 Eastern Hutt Rd, units 18 & 20:
Features: 286mdouble-unit office building, 9 parking spaces, in 20-unit business park
Rent: estimated potential gross income $30,000/year + gst
Outcome: sold on behalf of liquidator with vacant possession for $176,500 + gst
Agents: Ethan Hourigan, Bhakti Mistry & Fraser Press

Attribution: Agency release.

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First Total Property 6 sales at Rosedale, Taupiri & Te Rapa

Published 7 September 2018
Bayleys has registered the first sales from its Total Property 6 auction campaign – a Rosedale Plaza unit, a former Taupiri candy factory and 2 adjoining sites at Te Rapa.

The 2 Te Rapa sites (pictured above) were sold by different owners to the same buyer at $1151-2/m², and the Rosedale property on a 5.3% yield at an auction brought forward.

The Taupiri factory was sold under the hammer last week.

North-east

Rosedale

Rosedale Plaza, 215 Rosedale Rd, unit 8:
Features: 208m² of retail, mezzanine office & warehouse/storage space, rear roller door access, 4 exclusive parking spaces; 5-year lease from September 2016, plus 2 3-year rights of renewal, to specialist fishing equipment & apparel retailer West Shell
Rent: $45,000/year net + gst
Outcome: sold for $850,000 at a 5.29% yield
Agents: Adam Curtis, Damian Stephen & Adam Watton

South of the Bombays

Waikato

Hamilton

1000 Te Rapa Rd:
Features: 1507m² development site, 430m² of buildings near The Base shopping centre in Hamilton’s fastest growing retail & industrial area, home to fruit & vege business for 30 years
Outcome: sold with vacant possession for $1.735 million
Agents: Mike Swanson & Alex ten Hove

1006 Te Rapa Rd
Features: 1021m² site, 190m² building accommodating an automotive repair business for 35 years; adjoining 1000 Te Rapa Rd and bought by the same buyer
Outcome: sold with vacant possession for $1,176,618
Agents: Mike Swanson & Alex ten Hove

Taupiri

The ex-Candyland factory at Taupiri.

75 Henry Rd:
Features: 1.8ha site, 3720m² industrial complex including about 1200m² of pallet racked coolstores & a large rapid cooler; originally a cheese & dairy factory, expanded in the 1980s and repurposed into the Candyland candy-making factory & tourist attraction
Outcome: sold with vacant possession for $1.05 million
Agents: Mike Swanson & Alex ten Hove

Attribution: Agency release.

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