Colliers is proud to present 52A Arrenway Drive, Albany, offered exclusively to the market for sale.
This is the industrial investment opportunity you've been waiting for. A high-profile, modern standalone facility in one of Auckland’s most sought-after industrial precincts, the property is underpinned by the covenant strength of internationally recognised tenant Simpson Strong-Tie.
Returning a net annual rental of $215,000 + GST, the property has been occupied by Simpson Strong-Tie for more than a decade, demonstrating a strong commitment to the site. The tenant has approximately four years remaining on the current lease term, providing investors with secure income into the future.
Listed on the New York Stock Exchange, Simpson Strong-Tie is a global leader in the manufacturing and supply of structural building products, including timber connectors, fastening systems, anchors, and lateral force-resisting systems. Their international presence and established market position provide confidence in the tenant covenant.
Developed by the reputable Kea Group, the property comprises a well-maintained and highly functional standalone industrial building with a total lettable area of 837sqm, complemented by 15 onsite car parks. Designed with practicality and efficiency in mind, the asset also benefits from excellent street presence and exposure along Arrenway Drive.
Astute investors will immediately recognise the strength of the investment fundamentals on offer: a modern standalone industrial asset, secure income stream, quality tenant covenant, and a prime Albany location.
Opportunities to acquire standalone industrial investments of this calibre are seldom presented to the open market.
For further information or to arrange an inspection, please contact the Sole Agents below.
Matt Prentice 021 464 904, Jack Tuson 027 448 1148 and Mike Ryan 021 402 461
Features:
* Returning $215,000 pa + GST + OPEX
* A bottom drawer trophy investment
* 4 years remaining on the lease term
* High profile position
* Total floor area 837 sqm + 15 carparks
* Secure multinational tenant
* “A” Grade seismic rating
* Prime Arrenway Drive location
