A state of the art industrial investment has come to market through JLL via an Expressions-Of-Interest campaign closing on 2nd September 2022 at 12:00pm (AWST).

JLL’s Ross Palframan, Associate Director, Logistics & Industrial WA and Nick Goodridge, Head of Logistics & Industrial WA have been exclusively appointed to sell 11 Excellence Drive, Wangara, a securely leased investment asset in one of Perth’s premium northern industrial corridors.

The 3,326 sqm facility is situated on a 7,341 sqm site, with a site coverage of approximately 45.30%. The facility comprises 508 sqm of premium grade office accommodation and 2,818 sqm of warehouse and specialised laboratory infrastructure with a ‘General Industrial’ zoning.

11 Excellence Drive is 100% securely leased to Source Certain International, who utilize the facility to provide leading analytical and forensic sciences testing and research and development services to the education, mineral, exploration, pharmaceutical, and agricultural sectors. Source Certain International have a remaining 3.67year* WALE, with net passing income of $511,100 p.a and a further two options of 5-years.

Mr Palframan said, “11 Excellence drive offers investors a secured, income-producing opportunity with exceptional investment fundamentals and strong net cash flows. The opportunity is underpinned by a strong leasing covenant, and we expect strong interest from a diverse pool of investors both locally and nationally.”

Mr Goodridge said, “Barriers to enter the WA industrial investment market remain high, as the local markets performance continues to outperform across all key drivers.

Recent interest rate increases have caused purchasers to re-assess pricing for industrial assets, however, the reaction of individual purchasers largely depends on the capital structure under which they operate.”

“While we anticipate the rising cost of debt will impact purchaser’s cost of capital, at a local level in WA we see this being tempered by strong sector tailwinds including expected rental growth and significant tenant demand. Any potential impact on the pricing will be assessed on an individual basis and submarket specific dynamics, which reinforces the attractiveness of 11 Excellence Drive,” added Mr Goodridge.11 Excellence Drive is being offered For Sale by JLL via an Expressions of Interest campaign closing at 12:00pm (AWST) on the 2nd September 2022.

Visit property.jll.com.au to view more industrial properties.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.