Palmerston North
Pacific Property Fund Limited

Located in the heart of Palmerston North’s industrial corridor, 31 El Prado Drive is a high-quality industrial facility leased to PTS Logistics. With a freehold tenure and excellent connectivity to key distribution routes, the property plays a pivotal role in regional logistics and supply chain operations.

The warehouse includes a large, covered drive-through canopy with four roller doors to provide access to the main warehouse for loading. It has a compact office to accommodate approximately 60 people.

  • Sought-after industrial location: Situated in one of Palmerston North’s premier logistics hubs, Milson, next to Palmerston North Airport
  • Secure tenancy profile: Fully leased to PTS Logistics
  • Strong investment fundamentals: Competitive market cap rate of 6.7%, reflecting resilient demand for well-located industrial assets


 PMG 31 El Prado Drive, Milson, Palmerston North Commercial Properties Top View
 PMG 31 El Prado Drive, Milson, Palmerston North Commercial Properties
 PMG 31 El Prado Drive, Milson, Palmerston North Commercial Properties Park View
 PMG 31 El Prado Drive, Milson, Palmerston North Commercial Properties Side View
 PMG 31 El Prado Drive, Milson, Palmerston North Commercial Properties

Asset details

Asset Type
Industrial
Value
$44,250,000
Anchor Tenant
PTS Logistics
Occupancy
100.00%
WALT
8.25
Tenants
1