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

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.

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 9^th June 2021 at 4pm (AEST).

For further information please contact the below exclusive marketing agents.