18 Momentum Way, Ravenhall
Standalone purpose built food manufacturing and distribution facility, designed with unique inbuilt expansion opportunity and integrated temperature control measures. The Scalzo food facility provides a high quality warehouse which provides high clearance, temperature controlled warehouse, additional servicing in built, single direction truck flow, sophisticated corporate head office and integrated sustainability features including solar.
Situated on the eastern side of Momentum Way and within close proximity to Caroline Springs train station. Uniquely located just one minute to the Western Freeway and 25 minutes to the Melbourne CBD, the property offers convenient access to Melbourne’s major arterial roads, the Port of Melbourne and Tullamarine Airport.
- Building typeIndustrial Estate
- Metro areaMelbourne West
- Lettable area ('000sqm)72.1
- Lettable area adjusted for ownership ('000sqm)18.4
- Ownership (%)26
- Major tenantScalzo
- Book value at ownership ($m)34.6
- Independent valuation dateJune 2021
- Independent valuation at ownership ($m)34.6
- Market cap rate (%)4.00
- Initial yield (%)4.34
- Leased by area (%)100
- Weighted lease term by income (years)9.7