Dexus Industrial Estate

28 Distribution Drive, Truganina

Overview

28 Distribution Drive is a premium quality freestanding industrial estate with warehouse and office space located in Truganina, 18 kilometres west of the Melbourne 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 within the Dexus Industrial Estate in Truganina, Melbourne’s fastest growing industrial precinct, the building features contemporary architecture setting a new benchmark in industrial warehouse design.

The warehouse component features 10-metre high internal clearance with ESFR sprinklers and provides four recessed loading docks and multiple on grade access points; the offices are incorporated into a mezzanine level featuring floor to ceiling windows that maximise natural light.

The estate 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

- High internal clearance and 10 loading docks

Property Information

  • Building typeIndustrial Estate
  • TitleFreehold
  • Site area (hectares)2.4
  • Lettable area ('000sqm)11.9
  • Lettable area adjusted for ownership ('000sqm)4.5
  • Number of buildings1
  • Year built2013
  • Major tenantLinpac Packaging Australia
  • OwnerDXS
  • Ownership (%)37.5
  • Co-ownerAIP, Dexus Australian Logistics Partner
  • Metro areaMelbourne, West
  • ZoningIndustrial 2
  • Site coverage (%)50
  • Number of units1
  • Average unit size11.9
  • Office content4
  • Acquisition dateJuly 2002
  • Book value at ownership ($m)5.6
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)5.6
  • Market cap rate (%)5.75
  • Initial yield (%)6.08
  • Leased by area (%)100
  • Weighted lease term by income (years)6.3