Goldman Sachs and Square Metre Asset Management have sold the Boreham Interchange in Chelmsford to the Tesco Pension Fund for £35.7m.
The main tenant on the four industrial properties on the outskirts of Chelmsford is the Royal Mail.
A 2015 rent role of £1.9m gives a net initial yield of around 5.2%.
The site was bought as part of the Alecta Portfolio, comprising 26 industrial, big-box and high street retail assets located in London and the South East, which Goldman Sachs bought in October last year for £350m.
Gerald Eve advised Goldman Sachs and Square Metre Asset Management. CBRE advised Tesco Pension Fund.
All parties declined to comment.
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