Dexus Industrial Estate

1-5 Felstead Drive, Truganina

Overview

1-5 Felstead Drive is a high quality build to lease facility which is located within Dexus Industrial Estate in 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.

Property Information

  • Building typeIndustrial Estate
  • TitleFreehold
  • Site area (hectares)3.6
  • Lettable area ('000sqm)21.9
  • Lettable area adjusted for ownership ('000sqm)16.4
  • Number of buildings1
  • Car parking spaces190
  • Year built2018
  • Major tenantWinit (AU) Trade
  • OwnerDXS
  • Ownership (%)75
  • Co-ownerDexus Australian Logistics Partner
  • Metro areaMelbourne, West
  • ZoningIndustrial 2
  • Site coverage (%)56
  • Number of units1
  • Average unit size21.8
  • Office content2
  • Acquisition dateNovember 2018
  • Book value at ownership ($m)20.2
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)20.2
  • Market cap rate (%)5.75
  • Initial yield (%)6.12
  • Leased by area (%)100
  • Weighted lease term by income (years)9.0