Airport Property is pleased to announce the successful sale and leaseback of Unit 4 Jetlag Park, a well-located sectional title warehouse unit in Airport Industria, Cape Town. The transaction was concluded by broker Guy de la Porte and represents a solid outcome for both the seller and the incoming private investor.

The Deal at a Glance

Unit 4 Jetlag Park, situated at 66 Manhattan Street, Airport Industria, 7490, was sold as a going concern for R2 million to a private investor who owned the property next door. The property measures 187m² GLA and forms part of a popular, well-established industrial park close to Cape Town International Airport – a location that continues to attract strong demand from logistics and warehousing occupiers thanks to its easy access to major transport routes.

The sale was structured as a sale-and-leaseback, meaning the previous owner sold the property but remained in occupation as a tenant, on a newly signed two-year lease. Transfer took place on 31 August 2026, with the lease itself having already commenced on 1 June 2026. Monthly rental was set at R18,326, excluding VAT.

Guy regularly collaborates with experienced, well-known property players and brokers in the industry, and this deal was no exception — the property was referred by Carl von During of  Zygon Property Group, with Guy structuring and concluding the transaction with the buyer.

Unit 4 Jetlag Park’s New Tenant

The tenant at Unit 4 Jetlag Park is HAZMAT Logistics SA (Pty) Ltd, trading as HAZMAT Global Support Services. HAZMAT is a specialist logistics operator managing the safe and legal transport of dangerous goods worldwide by air, sea and road, and the unit is used for warehousing in support of this operation. More information on the tenant’s business can be found on their website, hazglobal.com.

Interestingly, HAZMAT had initially explored relocating to a different industrial park when the decision was made to sell the property, and had even identified alternative premises. However, after weighing up the practicalities and costs of a move against staying put, the tenant concluded that remaining at Unit 4 Jetlag Park made better business sense. This is a useful reminder for owner-occupiers considering a sale: relocation isn’t always the most efficient route, and a sale-and-leaseback can often deliver a better outcome than starting afresh elsewhere.

Comment from the Broker

Guy de la Porte, who brokered the transaction on behalf of Airport Property, commented on the deal: “This was a good example of a business realising that the grass isn’t always greener elsewhere. HAZMAT had done the legwork on an alternative site, but once we worked through the sale-and-leaseback option with them, it became clear that staying at Unit 4 Jetlag Park and freeing up capital through the sale was the smarter move. It meant no disruption to their operations, no relocation costs, and the certainty of a fixed lease term going forward. It’s a solid result for the tenant, and a well-priced, income-producing asset for the new owner from day one.”

What Is a Sale-and-Leaseback?

A sale-and-leaseback is a transaction structure in which a business sells a property it owns and occupies, then immediately leases the same property back from the new owner, usually on a fixed-term lease. This allows the seller to unlock the capital tied up in the property while continuing to trade from the same premises without any operational disruption. For the business, it’s an efficient way to release cash that can be reinvested into core operations, used to settle debt, or applied to growth initiatives, rather than having funds locked into fixed property.

For the buyer, it offers the appeal of a tenanted, income-generating asset from the outset, with a known tenant, a signed lease, and immediate rental income – reducing much of the vacancy risk associated with buying an empty commercial property. It’s a structure that suits owner-occupiers who are asset-rich but want more flexibility on the balance sheet, and it remains a popular option in the Cape Town industrial market, particularly in well-located nodes like Airport Industria.

In Summary

The sale of Unit 4 Jetlag Park is a clean example of a well-structured sale-and-leaseback benefiting both parties: the tenant retains its operational base without the cost and disruption of relocating, while the investor secures a tenanted industrial property in a sought-after node with immediate income from a reputable logistics operator.

For more information on industrial property opportunities in Airport Industria and surrounds, or to discuss a sale-and-leaseback for your own business premises, get in touch with Guy de la Porte, #theairportpropertyguy, Cape Town’s most experienced industrial property broker.  Airport Property maintains offices in the heart of Airport Industria in the Dachser building, ensuring rapid response to tenant, owner-occupier, and investor requirements.

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