Property Details
Building type: Super Prime Industrial
Building area: 9,317.7m2
Land area: 17,980m2
Purchase Details
Purchase price: $40 million
Net passing yield: 4.6%
shortly increasing to 4.8%
$/m2 building area: $4,293/m2
$/m2 land area: $2,225/m2
Property Features
Long WALE asset in a prime Sydney Industrial location, leased to a reputable tenant.
The facility benefits from separated access with heavy vehicle access to the rear.
Tenancy Details
WALE: 9.5 years
Net income, pa: $1,849,200
Net income: $198/m2
Tenancies: Single tenant
How Did Prosper Group Assist Their Client?
Acting on behalf of our long-term International Family Office client, Prosper Group sourced this property off market directly from the vendor.
Our client’s brief was to purchase a high quality and functional, well located Industrial property with a long WALE. This property, constructed in 2018, with 11.5m Internal height, loading docks, large awning, easy B Double access, plenty of staff parking and a WALE of 9.5 years to a highly regarded tenant, was exactly what our client was seeking.
Following thorough due diligence and settlement, our client commented ‘We are extremely pleased with this purchase and thank Prosper Group for pulling the deal together. Thank you for your hard work and insights, it wouldn’t have happened without you’.