Project Key_Murcia

JLL as advisors are pleased to present Project Key Murcia, an exceptional logistics investment opportunity located in the vibrant industrial estate of “Parque Logístico del Sureste,” south of Murcia city and adjacent to the International Airport of Murcia. This unique opportunity offers investors a grade A new build logistics warehouse featuring state-of-the-art technical specifications and a strong market presence.

The property impresses with a total GLA of 3,527 m², situated on a sprawling 8,141 m² site area. Developed and handed over in 2023, the warehouse is fully let to PAACK, a well-established last-mile delivery company in Spain with international reach, ensuring a €230.7k annual NOI. The property benefits from a 14 m clear height and boasts excellent ESG credentials with a BREEAM Very Good certificate and green clauses included in the lease agreement.

Strategically positioned within a rapidly developing logistics hub, the property offers proximity to market giants like Amazon, enhancing its appeal. The site's connectivity to major transportation networks leverages the dynamic growth in the region, marking it as an ideal location for logistics operations. This investment aligns with market trends advocating sustainability and convenience.

This facility represents a solid investment thesis characterized by long-term stable cash flows and robust growth potential. With PAACK as a single tenant under a strong covenant and lease terms extending to 2031/2036 WALB/WALT, the property promises cash flow stability and compelling opportunities for future value creation.