47 Momentum Way, Ravenhall

Overview

47 Momentum Way provides a 40,000sqm facility split to provide two tenancies. Situated on the southern side of Momentum Way Ravenhall and adjacent to passenger train station Carolina Springs and unimpeded neighbour of native vegetation grassland.

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.

The facility offers Dexus high quality standard base building inclusions and sustainability features including high clearances, super awnings, solar array and integrated sustainability measures. Leased to HelloFresh and eStore Logistics the unit sizes vary from 17-25,000sqm.

Property Information

  • Building typeIndustrial Estate
  • Metro areaMelbourne West
  • Lettable area ('000sqm)43.1
  • Lettable area adjusted for ownership ('000sqm)11.0
  • Ownership (%)26
  • Major tenantHellofresh
  • Book value at ownership ($m)22.2
  • Independent valuation dateJune 2021
  • Independent valuation at ownership ($m)22.2
  • Market cap rate (%)4.50
  • Initial yield (%)4.79
  • Leased by area (%)100
  • Weighted lease term by income (years)6.9
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