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
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