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


Asset details

Asset Type
Industrial
Value
$43,800,000
Anchor Tenant
PTS Logistics
Occupancy
100%
WALT
9.5 years
Tenants
1