Dexus Industrial Estate

66 Foundation Road, Truganina

Overview

66 Foundation Road is a high quality purpose-built national Isuzu Head Office, showroom, training/spare parts and warehouse facility within Melbourne's largest industrial precinct Truganina, 18 kilometres west of the CBD.

Truganina is located in the south-west of Melbourne an area of rapid development with extensive land-banks, the area has excellent over-land access and is connected to the Werribee railway line at Laverton station and Aircraft station. Truganina is serviced by a network of primary and secondary state arterial roads.

Located 18 kilometres west of the Melbourne CBD in the city’s newest industrial precinct, Truganina, the centre provides convenient access to the Princess/Westgate Freeway, Western Ring Road and the Deer Park Bypass.

Asset Information

  • Asset typeIndustrial Estate
  • Year built2017
  • Asset locationMelbourne West
  • Site area (hectares)4.59
  • Lettable area ('000sqm)21.89
  • Lettable area adjusted for ownership ('000sqm)11.16
  • Car parking spaces166
  • OwnerDXS
  • Ownership (%)51
  • Co-ownerDexus Australian Logistics Partner
  • Major tenantIsuzu Australia Limited
  • Acquisition dateNovember 2018
  • Book value at ownership ($m)23.2
  • Independent valuation dateJune 2024
  • Independent valuation at ownership ($m)23.2
  • Market cap rate (%)5.38
  • 12 month rolling yield (%)4.26
  • Leased by area (%)100
  • Weighted lease term by income (years)3.6
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