57-67 Mark Anthony Drive, Dandenong
Overview
The property comprises of 7,830 square metres of warehousing with drive around B-double access, high clearance and multiple cranes. The tenant is U-Neek Bending, a steel fabrication business established in 1964 specialising in defence, infrastructure and energy projects.
Property Information
- Building typeIndustrial
- Year built2015
- TitleFreehold
- Metro areaMelbourne, South East
- ZoningIndustrial 2 Zone
- Site area (hectares)1.5
- Site coverage (%)52.5
- Lettable area ('000sqm)7.8
- Lettable area adjusted for ownership ('000sqm)7.8
- Number of buildings1
- Car parking spaces104
- OwnerDXI
- Ownership (%)100
- Major tenantU-Neek Bending
- Acquisition dateJuly 2021
- Book value at ownership ($m)14.2
- Independent valuation dateDecember 2021
- Independent valuation at ownership ($m)14.225
- Market cap rate (%)4.75
- Leased by area (%)100
- Weighted lease term by income (years)9.6