Acure Asset Management
Feb 11, 20201 min
Updated: Oct 9, 2020
The Bibra Lake Trust is purchasing an industrial facility located at 22 Renewable Chase, Cockburn Commercial Park, Bibra Lake, Western Australia.
The property is a purpose built facility comprising of cold store and food processing faculties and commercial office space, currently leased to Dardanup Butchering Company Nominees Pty Ltd (expires in August 2024).
Nett lettable area totals 2,551sqm consisting of 1,663sqm of cold store and food processing facilities and 888sqm of office space.
Land area totals 7,107sqm with onsite parking for 43 cars.
Purchase Price $9.75m
Site Area 7,107 sqm
Gross Lettable Area 2,551 sqm
Current Occupancy 100%
Year 1 Distribution Forecast 10.4%
Average (5yr) Distribution Forecast 11.4%
Projected Internal Rate of Return (IRR) 14.0%
Monthly Distribution from Settlement