Industrial & Logistics

1-21 McPhee Dr, Berrinba, QLD (Stage 1 & 2)

1-21 McPhee Drive Berrinba, QLD Australia 4117
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area

Property Description

JLL Capital Markets Industrial & Logistics team in conjunction with Colliers International, are pleased to offer for sale an exceptionally rare institutional grade investment opportunity of scale. Offered to the market for sale in-one-line, the portfolio comprises four brand new, super prime distribution centres positioned within Victoria’s & Queensland’s strongest industrial markets.


Investment Highlights

Key Investment Highlights for 1-21 McPhee Dr, Berrinba, QLD (Stage 1 & 2) include:

 

Stage 1

  • Comprises a brand new (July 2020) state of the art logistics facility configured as two(2) tenancies of 6,675m²* (Unit 1) and 6,201m²* (Unit 2) respectively (combined GLA of 12,876m²*)
  • High clearance facility of up to 10.5 metres
  • Substantial concrete hardstanding and full drive-around B-double access
  • Fully leased to national tenants Rinnai and McPhee Distribution Services
  • Combined passing income of $1,481,985* p.a. Net as at Oct-21
  • WALE of 6.8* years
  • Fixed rental growth of 3.0% p.a. providing a strong running yield

 

Stage 2

  • To be developed with a state of the art logistics facility with GLA of 13,833m²*- practical completion is estimated for April 2023
  • High clearance facility of up to 10.5 metres
  • Substantial concrete hardstanding and full drive-around B-double access
  • Pre-leased to McPhee Distribution Services for an initial 7 year lease term
  • Commencing income of $1,729,125* p.a. Net
  • Fixed rental growth of 2.5% p.a. providing a strong running yield
  • Potential to acquire on a fund-through structure

 *approx

 

The property is being offered for sale, in conjunction with 2 Maker Place, Truganina VIC and 116-130 Gilmore Rd, Berrinba, QLD (Stage 3) via Expressions of Interest closing Wednesday 9th June 2021 at 4pm (AEST).

For further information please contact the below exclusive marketing agents.

Last Updated Date: 12 May 2021
Tony Iuliano
Tony Iuliano
Head of Capital Markets Industrial & Logistics - Australia
Adrian Rowse
Adrian Rowse
Senior Director, Capital Markets Industrial and Logistics

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Last Updated Date: 12 May 2021

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