Dexus Industrial Estate
Overview
7-9 Distribution Drive is part of an industrial estate that's home to a variety of top local and international brands in the packaging, retail, beverage and logistics sectors.
7-9 Distribution Drive is a high quality free standing facility consisting of a single level office and warehouse including multiple on grade access doors and a semi enclosed canopy over the loading areas.
Situated in an industrial precinct area regarded as fast growing and highly sought after, the estate itself is intelligently positioned in a thriving logistics district, with convenient access to ports, airports and major road networks such as the Western Ring Road, Westgate Freeway, City Link and the Deer Park Bypass.
- Prized Industrial precinct
- Leading strategic location
- Quality office & warehousing features
Asset Information
- Asset typeIndustrial Estate
- Year built2007
- TitleFreehold
- Asset locationMelbourne West
- ZoningIndustrial 2
- Site coverage (%)43
- Lettable area ('000sqm)8.0
- Lettable area adjusted for ownership ('000sqm)2.0
- Number of buildings1
- Number of units1
- Average unit size8
- Office content31
- Owner DXS,AIP,DALT
- Ownership (%)26
- Co-ownerUniSuper, Dexus Australian Logistics Partner
- Major tenantNorthline
- Acquisition dateJuly 2002
- Book value at ownership ($m)4.7
- Independent valuation dateDecember 2023
- Independent valuation at ownership ($m)4.7
- Market cap rate (%)5.25
- 12 month rolling yield (%)4.52
- Leased by area (%)100
- Weighted lease term by income (years)3.6