Updated Jan 30, 2026
Alex Redfearn Of Redfearn Capital Purchases Industrial Asset From CNC Cabinets For $7M In Melbourne
560 Distribution Drive
$7,000,000
$132/SF
Building Size
53,000 SF
Asset Type
Industrial
Closing
Jan 22, 2026
About this deal
AI
The property asset involved in the transaction is located at 560 Distribution Drive in Melbourne. It is an industrial asset comprising 53,000 square feet and was sold for $7,000,000, translating to a price per square foot of $132.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Buyer: Alex Redfearn - Redfearn Capital
- Seller: CNC Cabinets
- Broker: Michael Moss II - Lightle Beckner Robison Inc.
The key individuals involved in the transaction are Alex Redfearn, representing Redfearn Capital, who acquired the property, while CNC Cabinets was the seller. Michael Moss II acted as the broker in the transaction, affiliated with Lightle Beckner Robison Inc.
On the Map
$7,000,000
$132/SF
Industrial
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Players
Melbourne Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93