5-7 Administration Drive & 6-8 Evolution Drive, Pakenham

Jones Real Estate is proud to announce the successful completion of the strategic off-market sale of 5-7 Administration Drive & 6-8 Evolution Drive, Pakenham. The transaction was finalised via private negotiation for $22,000,000, reflecting continued demand for prime industrial assets in Melbourne’s south-east growth corridor.

Situated within the tightly held Pakenham industrial precinct, this blue-chip investment encompasses:

– 10,960sqm* of modern industrial improvements incorporating high-clearance warehousing and quality office accommodation.

– 20,571sqm* of Industrial 1 Zoned land, across four titles, offering excellent site flexibility and long-term redevelopment potential.

– Outstanding connectivity with immediate access to the M1 (Princes Freeway), facilitating efficient transport and logistics links to Melbourne CBD, the Port of Melbourne and the broader Victorian freight network.

– Secure lease covenant, with a 5-year lease in place to a well-established national caravan manufacturer, returning a strong net annual rental of $1,430,000 plus GST and Outgoings.

This significant transaction highlights the strength of private capital targeting quality industrial opportunities within emerging metropolitan precincts such as Pakenham, underpinned by sustained demand, limited supply, and excellent long-term fundamentals.

For further information regarding this sale, or to discuss how Jones Real Estate can assist with your industrial property requirements, please contact Paul Jones.