What’s Happening?
A major industrial property in Mackay has sold for $7.8 million, reinforcing investor confidence in the region’s strong-performing industrial sector. The 8,491sqm site at 33–41 Central Park Drive, Paget, features two tilt-panel warehouses and a 2,662sqm hardstand. The property is fully leased to Motion Australia Pty Ltd, a subsidiary of Fortune 500-listed Genuine Parts Company (NYSE: GPC).
The lease began in July 2024 and runs for three years, with annual rent increases pegged to the greater of CPI or 3%, ensuring income growth and security for the buyer.
Why It Matters
The sale highlights the increasing appeal of regional industrial markets like Mackay, especially for institutional capital seeking secure, income-producing assets with global tenant backing.
Cushman & Wakefield’s National Director, Head of Investment Sales QLD, Daniel Cullinane, who led the sale alongside Evi Meka and Myles Fredericksen, said:
“This transaction underscores the market’s appetite for industrial assets that pair long-term income resilience with tenant security. Properties underpinned by global covenants in growth corridors like Mackay remain highly sought-after, and this result is testament to the strength of both the asset and the regional fundamentals.”
Local Impact
Mackay continues to shine as a stable and growing investment market. The Paget precinct, where the property is located, is Mackay’s leading industrial hub. It benefits from strong economic fundamentals and excellent connectivity, driving ongoing interest from institutional investors.
Cushman & Wakefield Executive Evi Meka noted: “This sale highlights the depth of capital targeting income-generating assets in core regional markets. Mackay’s ongoing economic expansion and infrastructure investment continue to underpin real estate performance, particularly for well-located industrial assets with long-term tenants.”
By the Numbers
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$7.8 million – Sale price of the 8,491sqm site at 33–41 Central Park Drive, Paget.
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17.98 billion – Estimated value of Mackay’s local economy.
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2,662sqm – Hardstand area included in the property, adding operational versatility.
Zoom In
The site’s tenant, Motion Australia, backed by the Genuine Parts Company, brings global credibility to this local asset. This enhances the property’s attractiveness by securing a stable lease with predictable income increases.
Zoom Out
This sale is part of a broader trend where regional industrial assets in growth corridors are attracting major interest from institutional and private investors. As Mackay continues to grow, industrial hubs like Paget are becoming key players in Australia’s commercial property landscape.
What to Look for Next
With Mackay’s economy continuing to expand, expect further transactions as institutional investors pursue assets with global tenants and strong local economic backing. Industrial properties in Paget and similar precincts will likely remain hot property for years to come.
