2 Maker Place, Truganina
Overview
The asset comprises 30,364 square metres across a single property constructed in 2020 and is 100% leased to Australia Post. There is an additional 16,740 square metres of vacant land available for a further approximately 11,500 square metres of warehouse space which can adjoin the existing facility to form a single-tenanted structure or split into a multi-tenanted structure. The warehouse is located in Truganina, one of Australia’s most highly sought-after industrial hubs, with good connectivity to Melbourne CBD, Port of Melbourne, and Melbourne International Airport.
Property Information
- Building typeIndustrial
- TitleFreehold
- Metro areaMelbourne West
- ZoningUrban Growth Zone
- Site area (hectares)6.7
- Site coverage (%)45.6
- Lettable area ('000sqm)30.4
- Lettable area adjusted for ownership ('000sqm)30.4
- Number of buildings1
- OwnerDXI
- Ownership (%)100
- Major tenantAustralia Post
- Acquisition dateOctober 2021
- Book value at ownership ($m)69.0
- Independent valuation dateJune 2021
- Independent valuation at ownership ($m)69.0
- Market cap rate (%)4.13
- Leased by area (%)100
- Weighted lease term by income (years)4.0