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.

Asset Information

  • Asset typeIndustrial
  • Year built1995
  • TitleFreehold
  • Asset locationMelbourne, South East
  • ZoningIndustrial 2 Zone
  • Site area (hectares)1.5
  • Site coverage (%)53
  • 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 Co Pty Ltd
  • Acquisition dateJuly 2021
  • Book value at ownership ($m)13.8
  • Independent valuation dateJune 2023
  • Independent valuation at ownership ($m)13.8
  • Market cap rate (%)5.50
  • Leased by area (%)100
  • Weighted lease term by income (years)8.1

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