MIRVAC Industrial Trust has settled on the purchase of 1880 Country Farm Road, Naperfville, Illinois for $US12.3 million from CenterPoint Properties.
The Country Farm property is being acquired on a 7.60% yield.
The property provides 162,000 sq ft of lettable area and is wholly leased on a triple net basis until September 2011 to Westfalia-Surge Inc., a manufacturer and wholesaler of dairy farm equipment.
The acquisition of Country Farm was funded from proceeds of the recently completed sales of
Australian Property Journal
