Dexus Industrial Estate

1-5 Felstead Drive, Truganina

Overview

1-5 Felstead Drive is a high-quality build to lease facility which is located within Dexus Industrial Estate in Truganina, 18 kilometres west of the CBD.

Truganina is located in the south-west of Melbourne an area of rapid development with extensive land-banks, the area has excellent over-land access and is connected to the Werribee railway line at Laverton station and Aircraft station. Truganina is serviced by a network of primary and secondary state arterial roads.

Located 18 kilometres west of the Melbourne CBD in the city’s newest industrial precinct, Truganina, the centre provides convenient access to the Princess/Westgate Freeway, Western Ring Road and the Deer Park Bypass.

Asset Information

  • Asset typeIndustrial Estate
  • Year built2018
  • TitleFreehold
  • Asset locationMelbourne West
  • ZoningIndustrial 2
  • Site coverage (%)60
  • Lettable area ('000sqm)21.9
  • Lettable area adjusted for ownership ('000sqm)11.2
  • Number of buildings1
  • Number of units1
  • Average unit size22
  • Office content2
  • Car parking spaces190
  • Owner DXS,DALT
  • Ownership (%)51
  • Co-ownerDexus Australian Logistics Partner
  • Major tenantWinit (AU) Trade Pty Ltd
  • Acquisition dateNovember 2018
  • Book value at ownership ($m)21.9
  • Independent valuation dateDecember 2023
  • Independent valuation at ownership ($m)21.9
  • Market cap rate (%)5.25
  • 12 month rolling yield (%)4.24
  • Leased by area (%)100
  • Weighted lease term by income (years)4.5
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