The properties, located at 18 and 25 McKechnie Drive, were transacted by Harry Egan from RWC Southwest, with both assets acquired by a Sydney-based investor. The sales comprised $6.6 million for 18 McKechnie Drive and $6.5 million for 25 McKechnie Drive.
Positioned approximately 15 kilometres from the Brisbane CBD, Eight Mile Plains continues to attract strong interest due to its strategic connectivity and proximity to major transport corridors.
Both properties are leased to Weber South Pacific on secure five-year terms commenced in November 2025, delivering stable income streams. The assets achieved notably tight yields of 5.25 per cent and 5.45 per cent respectively, among the strongest recorded in the area.
“These were standout offerings in the Eight Mile Plains market,” said Harry Egan of RWC Southwest. “The level of interest we received, via a pre market campaign, highlights just how much appetite there is for well-located, income-producing industrial assets.”
He added, “Both properties are what we’d consider ‘unicorn’ assets for the precinct. The majority of stock in Eight Mile Plains is office-based and typically trades at higher yields. These sites offered a more balanced or warehouse-heavy configuration, which is increasingly sought after by investors.”
18 McKechnie Drive features a 1,674 sqm warehouse and office facility on a 3,350 sqm site, including three container-height roller doors, over 7-metre internal clearance, and a 30kW solar system. The property generates an annual return of $347,782 plus outgoings and GST.
Meanwhile, 25 McKechnie Drive comprises 1,380 sqm of warehouse and office space on a 3,227 sqm site, with a corporate-grade office fitout across two levels and similar high-clearance industrial specifications. The asset delivers an annual return of $356,477 plus outgoings and GST.
“The purchaser recognised the rarity of securing two high-quality assets with strong leases in such a tightly held precinct,” Egan said. “Even in the current interest rate environment, we’re seeing investors willing to compete aggressively for secure income and long-term upside.”
The vendor, a repeat client, capitalised on record pricing to rebalance their portfolio and pursue further acquisition opportunities.
“These results demonstrate that well-leased, high-quality industrial investments continue to outperform, particularly when they offer functionality and accessibility in key urban markets,” Mr Egan added.
