Aug 18 (Reuters) - 360 Capital Industrial Fund TIX.AX :
* Says exchanged unconditional contracts to dispose of 33-59 Clarinda Road, Oakleigh South for $10.5 million
* Says expected net proceeds of approximately $10.3 million (after transaction costs)
* Says net proceeds will be initially used to retire debt
* Settlement is expected to occur on 18 December enabling fund to receive rental income until the expiry of the current lease
* Source text for Eikon ID:nASX8zD2P9
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