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The Former Lumi Paper Norwich Rd 872,417 SF Industrial Building Mendlesham IP14 5ND $63,865,682 CAD ($73.21 CAD/SF) 8.98% Cap Rate
Investment Highlights
- 49.6-acre industrial logistics estate
- 872,417 sq ft across 19 units
- Direct access to A140 and A14 network
Executive Summary
The accommodation comprises a range of warehouse units with ancillary office content, providing flexible industrial and logistics space across multiple building sizes. The units are predominantly of steel portal frame and concrete frame construction and benefit from a combination of ground-level and dock-level loading, generous yard areas, HGV circulation space, on-site parking and eaves heights ranging from approximately 5.0m to 10.5m.
Property Facts
| Price | $63,865,682 CAD | Building Class | C |
| Price Per SF | $73.21 CAD | Lot Size | 50.00 AC |
| Sale Type | Investment | Rentable Building Area | 872,417 SF |
| Cap Rate | 8.98% | No. Stories | 3 |
| Tenure | Freehold | Year Built/Renovated | 1965/2020 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Parking Ratio | 0.03/1,000 SF |
| Price | $63,865,682 CAD |
| Price Per SF | $73.21 CAD |
| Sale Type | Investment |
| Cap Rate | 8.98% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 50.00 AC |
| Rentable Building Area | 872,417 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2020 |
| Tenancy | Single |
| Parking Ratio | 0.03/1,000 SF |
Amenities
- Security System
- Signage
- Yard
- Storage Space
- Air Conditioning
- Smoke Detector
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The Former Lumi Paper | Norwich Rd
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