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Interchange Industrial Estate, Saltwater Circuit, Narangba QLD
Saltwater Circuit 54, Narangba, QLD, 4504, AU
34,189 m²
JLL Capital Markets team, is pleased to offer 28 Jones Road, Brooklyn for sale, one of the only container parks of scale in Melbourne’s West.
This asset presents a unique opportunity to acquire a highly sought-after container park facility in the infill precinct of Brooklyn. Situated on a 7ha* landholding, the asset features over 5ha* of hardstand, modern office, high clearance warehouse & workshop.
Underpinned by proximity to the Port of Melbourne, the property offers exceptional arterial road access & is strategically positioned in the land constrained inner western industrial precinct. The container park use is future proofed by the ongoing investment in the Port of Melbourne & surrounding infrastructure projects that will continue to drive demand for container park facilities in the Melbourne industrial market.
The asset is 100% leased to Cosco Shipping offering a WALE (by Income) of 8.93 yrs (as at Apr-24) & net passing income of $1,739,411p.a, ($25/sqm site area).
Investment Highlights:
For Sale via Expressions of Interest closing Thursday 16 May 2024 at 3pm (AEST)
*approx.
AAA leased covenant – 100% occupied by COSCO Shipping with 8.9 year term certain (as at April 2024)
Prime inner west landholding of 7ha* with exceptional arterial road access
Significantly under rented with a passing income of $1,739,411p.a* ($25/sqm site area)