The freehold property at 39-41 Beach Street attracted 97 enquiries and multiple offers before selling through joint agents RWC Queensland and CG Property Group.
Occupying a 1,619sqm industrial site, the complex features 36 individual storage units generating an initial gross income of $81,900 annually across an 86 per cent occupancy rate.
Filling the remaining five vacant units pushes potential earnings to $97,500 per year, representing a 5.35 per cent return at full capacity.
RWC Queensland Director Paul Anderson said the level of demand delivered a decisive outcome.
"The campaign drew interest from a broad cross-section of private investors and operator-buyers," Mr Anderson said.
“Selling unconditionally for cash on the closing date was a clean, sharp result."
RWC Queensland Director Andrew Doyle added that the mix of steady cash flow and straightforward growth drove heavy interest.
"Buyers saw an operating asset with reliable existing income, alongside clear potential to boost earnings simply by leasing the five vacant units," Mr Doyle said.
CG Property Group Executive James Tuttle said the standalone storage sites of this scale rarely come to market in the Redcliffe Peninsula, where a dense local population and nearby business precincts maintain steady demand.
“Kippa-Ring services the wider Redcliffe Peninsula, so the facility is accessible to local businesses, tradespeople and residents rather than relying on one narrow customer segment,” Mr Tuttle said.
“The strong enquiry reflected both the local fundamentals and the appeal of acquiring 36 separate income-producing units in one manageable asset.”