Dexus Industrial Estate

2-10 Distribution Drive, Truganina

Overview

2-10 Distribution Drive is a modern freestanding distribution centre providing two levels of office accommodation and a single level warehouse.

The facility is located in Truganina, one of Melbourne’s fastest growing industrial precincts 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.

The warehouse features high internal clearance, a combination of recessed loading docks and on-grade access and large awnings providing all-weather protection. There is significant curtilage area with a staff and visitor parking leading to a contemporary office reception.

The centre provides convenient access to the Princess/Westgate Freeway, Western Ring Road and the Deer Park Bypass.

- Melbourne’s fastest growing industrial precinct

- Access to Melbourne CBD and ports

- Large awnings for all weather protection

Property Information

  • Building typeIndustrial Estate
  • TitleFreehold
  • Site area (hectares)3.7
  • Lettable area ('000sqm)17.5
  • Lettable area adjusted for ownership ('000sqm)6.6
  • Number of buildings1
  • Year built2012
  • Major tenantUnipod
  • OwnerDXS
  • Ownership (%)37.5
  • Co-ownerAIP, Dexus Australian Logistics Partner
  • Metro areaMelbourne, West
  • ZoningIndustrial 2
  • Site coverage (%)47
  • Number of units1
  • Average unit size17.5
  • Office content3
  • Acquisition dateJuly 2002
  • Book value at ownership ($m)8.0
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)8.0
  • Market cap rate (%)5.75
  • Initial yield (%)5.55
  • Leased by area (%)100
  • Weighted lease term by income (years)8.1