This well constructed industrial asset was completed in 2017, providing two separate warehouses with a combined building area of 12,379 sqm, sitting on a large parcel of land exceeding 25,000 sqm.
The site is well positioned in the high-demand western industrial pocket, with easy access to major arterials Kororoit Creek Road and the M1, providing connectivity to the Altona Intermodal Terminal, Melbourne CBD and the Port of Melbourne.
The asset benefits from strong tenant covenants on longer term leases. Unit 1 is occupied by Southern States Group, who have delivered professional, dynamic and innovative products and services to the transport refrigeration industry for the past 30 years. CRRC occupy the larger warehouse at Unit 2, an associated company of the Chinese owned Changchun Railway Vehicles who are contracted to build the state’s new metro train fleet.
7-17 Jordan Close, Altona, VIC
Building/Sector Type: Industrial
Acquisition Date: December 2017
Purchase Price: $16.3 million