Last mile logistics property in Cologne-Porz_Property for Sale

August-Horch-Straße 10, 51149 Köln

Last mile logistics property in Cologne-Porz

Asset Description

The property at August-Horch-Strasse 10 in 51149 Cologne-Porz is in an ideal location and has excellent connections. The property is located in the middle of the “Airport-Businesspark Cologne-Porz-Gremberghoven” industrial area, which is characterized by its extremely advantageous location in the immediate vicinity of Cologne-Bonn International Airport. There are two buildings on the approx. 26,000 sqm site. Building 1, the former print shop, was built in 1996 and is currently used by Flaschenpost. Building 2 was built in 2012 and is used by Rheinisches Anzeigenblatt. Both buildings comprise a total of approx. 7,000 sqm of warehouse area and approx. 1,800 sqm of office area.

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Attributes

Land area gross

26,193 m²

Building area net

8,802 m²

Year built

1996

Occupancy

100%

WALT

3.92 years

Parking spaces

160

Media

Investment Highlights

Ideal location - top location in one of Germany's strongest economic regions with excellent local and long-distance transport connections
Very good third-party usability - building 1 (former print shop) is currently used by Flaschenpost, building 2 is used by Rheinisches Anzeigenblatt and is ideal for last mile use
Good rental income and value-add potential - approx. € 743,000 p.a. Rental income with a WAULT of just under 4 years and medium to long-term reversion potential