Dexus Industrial Estate
Overview
28 Distribution Drive is a premium quality freestanding industrial estate with warehouse and office space located in Truganina, 18 kilometres west of the Melbourne 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 within the Dexus Industrial Estate in Truganina, Melbourne’s fastest growing industrial precinct, the building features contemporary architecture setting a new benchmark in industrial warehouse design.
The warehouse component features 10-metre high internal clearance with ESFR sprinklers and provides four recessed loading docks and multiple on grade access points; the offices are incorporated into a mezzanine level featuring floor to ceiling windows that maximise natural light.
The estate provides convenient access to the Princess/Westgate Freeway, Western Ring Road and the Deer Park Bypass.
- Melbourne’s fastest growing industrial precinct
- Access to Melbourne CBD and ports
- High internal clearance and 10 loading docks
Asset Information
- Asset typeIndustrial Estate
- Year built2013
- TitleFreehold
- Asset locationMelbourne West
- ZoningIndustrial 2
- Site coverage (%)50
- Lettable area ('000sqm)11.9
- Lettable area adjusted for ownership ('000sqm)3.0
- Number of buildings1
- Number of units1
- Average unit size12
- Office content4
- Owner DXS,DALT
- Ownership (%)26
- Co-ownerUniSuper, Dexus Australian Logistics Partner
- Major tenantLinpac Packaging Australia
- Acquisition dateJuly 2002
- Book value at ownership ($m)5.7
- Independent valuation dateDecember 2023
- Independent valuation at ownership ($m)5.7
- Market cap rate (%)5.00
- 12 month rolling yield (%)4.47
- Leased by area (%)100
- Weighted lease term by income (years)1.8