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Box Road

A Core Industrial Asset with Secure Income and Development Upside

Asset Value:

$32 million

GLA:

4,918 sqm

WALE:

3.42 years

Status:

Acquired 2024

Location:

60-68 Box Road, Taren Point

Avenor secured the Box Road industrial asset off-market, drawn to its strong fundamentals, diversified income profile, and untapped potential.

Anchored by a substantial 8,177sqm landholding and a 4,918sqm two-storey warehouse, the asset provides high-quality warehousing and modern office accommodation with views over Gwawley Park. It is fully leased to eight tenants, offering resilient cash flow across a well-diversified income base.

Situated in Taren Point — the most sought-after industrial precinct in the Sutherland Shire — the location provides direct connectivity to Sydney Airport (~10km), Port Botany, and the Sydney CBD (~20km), making it a strategic logistics and last-mile node.

Avenor recognised the market potential and strategically focused on unlocking embedded value through proactive lease management, increasing the WALE, and enhancing tenant covenants.

To support long-term performance, a professional management framework has been introduced to drive operational efficiency and income growth. In parallel, the site’s zoning and scale offer compliant development potential, creating a compelling secondary underwrite — including the opportunity to evolve into a multi-unit industrial estate in one of Sydney’s most constrained infill markets.

This core-plus industrial investment aligns with Avenor’s broader mandate to acquire income-generating assets with strong yield and high-conviction value-add potential.

"The Box Road acquisition is a clear example of Avenor’s methodical approach to value creation. We target underutilised assets with strong fundamentals and real upside to hold something that’s both defensive and flexible long-term."

Ben Moss
Head of Capital & Transactions

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