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APN Fund Management Sells Australian Self-Storage Property


A property leased to Australian self-storage company National Storage was sold by APN Fund Management Ltd. to a Gold Coast investor for $3.85 million. APN acquired the Tweed Heads South industrial property in 2006 for $3.3 million.

National still has 12 years remaining on its 15-year lease at a rate of approximately $349,000 a year. The property has 308 storage units, a manager's residence, an administration and office area, full perimeter fencing, and three entry points.

Colliers International Gold Coast industrial director Pat Cavanagh brokered the sale of the property.,  Tweed Storage Depot Tops Sales for Year  

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