OzProp P2 Class of Units
- Property type: Industrial
- Offer type: Fully subscribed , Industrial
- City: Pinkenba
- Zip Code: 4008
- Street: 739 MacArthur Ave
- Property size: 4,688 m²
- Lot size: 9,491 m²
- Investment Status: Fully subscribed
- Acquistion Date: August 2021
- Initial Investment: $17m
- IRR: 12.18 %
- Investment Horizon: 5-7 years
- Current Valuation: $20m
Details
The asset comprises a 9,491 square metre, regular shaped, internal allotment. Erected on the property is a semi-modern style, industrial office, warehouse and cold storage facility which comprises a total Gross Lettable Area (GLA) of 4,688 square metres.
The facility was built in two stages with the first stage being completed in 2004 and the second stage in 2010, providing a combination of good quality office space, dry warehouse, cold store and freezers.
The acquisition was completed with a leaseback agreement to Vision International Forwarding Pty Ltd on a 10+5+5 year lease.
The asset is 100% owned by the OzProp P2 Trust issued by OzProp Investment Trust.
*Target Investment returns based on the terms and conditions stated in the relevant IM. Investment returns are not guaranteed and are subject to investment risk.
