Dexus Industrial Estate

1 Foundation Road, Truganina

Overview

1 Foundation Road is a modern single level office with an attached high bay steel portal framed warehouse located in Truganina, one of Melbourne's fastest growing industrial precincts.

Soft landscaping provides an appealing sense of arrival to the office reception, while the warehouse component features seven on-grade roller shutter doors and two large skillion framed canopy structures. The neatly paved concrete driveway and curtilage areas feature a staff and visitor car park accommodating approximately 72 vehicles.

The facility is located 18 kilometres west of the Melbourne CBD and provides convenient access to the Princess/Westgate Freeway, Western Ring Road and the Deer Park Bypass. The property is located on the eastern corner of Foundation and Boundary Roads within the Dexus Industrial Estate.

- Premier industrial precinct

- Access to Melbourne CBD and Ports

- 7 loading bays and large all-weather canopies

Property Information

  • Building typeIndustrial Estate
  • TitleFreehold
  • Site area (hectares)4.9
  • Lettable area ('000sqm)20.3
  • Lettable area adjusted for ownership ('000sqm)7.6
  • Number of buildings1
  • Car parking spaces72
  • Year built2007
  • Major tenantVisy
  • OwnerDXS
  • Ownership (%)37.5
  • Co-ownerAIP, Dexus Australian Logistics Partner
  • Metro areaMelbourne, West
  • ZoningIndustrial 2
  • Site coverage (%)41
  • Number of units1
  • Average unit size20.3
  • Office content14
  • Acquisition dateJuly 2002
  • Book value at ownership ($m)9.5
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)9.5
  • Market cap rate (%)6.00
  • Initial yield (%)6.28
  • Leased by area (%)100
  • Weighted lease term by income (years)6.5