89 West Park Drive, Derrimut


The property is located within the West Park Industrial Estate in Derrimut, approximately 16 kilometres west of the Melbourne Central Business District. The property comprises an industrial facility constructed in 2007 and subdivided into two tenancies totalling 17,024 sqm of GLA. The facility incorporates a portal framed, high clearance warehouse, with offices predominantly built within the warehouse roofline. 

Asset Information

  • Asset typeIndustrial
  • Year built2009
  • TitleFreehold
  • Asset locationMelbourne, West
  • ZoningIndustrial 2 Zone (IN2Z)
  • Site area (hectares)3.0
  • Site coverage (%)57
  • Lettable area ('000sqm)17.0
  • Lettable area adjusted for ownership ('000sqm)17.0
  • Number of buildings1
  • Car parking spaces143
  • OwnerDXI
  • Ownership (%)100
  • Major tenantThe Dempsey Group Pty Ltd
  • Acquisition dateDecember 2013
  • Book value at ownership ($m)30.1
  • Independent valuation dateDecember 2023
  • Independent valuation at ownership ($m)30.1
  • Market cap rate (%)5.75
  • Leased by area (%)100
  • Weighted lease term by income (years)3.7
Back to top