18 Momentum Way, Ravenhall

Overview

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.

Property Information

  • Building typeIndustrial Estate
  • Year built2021
  • TitleFreehold
  • Metro areaMelbourne West
  • ZoningIndustrial 3
  • Lettable area ('000sqm)35.4
  • Lettable area adjusted for ownership ('000sqm)9.0
  • Number of buildings1
  • Owner DXS,DWPF,DALT
  • Ownership (%)26
  • Co-ownerDWPF,Dexus Australian Logistics Partner
  • Major tenantScalzo
  • Acquisition dateDecember 2018
  • Book value at ownership ($m)21.4
  • Independent valuation dateJune 2022
  • Independent valuation at ownership ($m)21.4
  • Market cap rate (%)3.63
  • Initial yield (%)3.61
  • Leased by area (%)100
  • Weighted lease term by income (years)8.4
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