2 Maker Place, Truganina
Overview
The asset was 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.
Asset Information
- Asset typeIndustrial
- Year built2020
- TitleFreehold
- Site area (hectares)6.7
- Lettable area ('000sqm)30.1
- Lettable area adjusted for ownership ('000sqm)30.1
- Car parking spaces218
- OwnerDXI
- Ownership (%)100
- Major tenantAustralian Postal Corporation
- Acquisition dateOctober 2021
- Book value at ownership ($m)67.5
- Independent valuation dateJune 2024
- Independent valuation at ownership ($m)67.5
- Market cap rate (%)5.25
- Leased by area (%)100
- Weighted lease term by income (years)5.5