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Location
The property is situated within the Key Industrial Park, a sought-after location, approximately 30 kilometres south-east of the Melbourne CBD. It has easy access to EastLink, Dandenong Bypass and South Gippsland Highway.
Description
Constructed in 2013, this high-spec distribution facility comprises ambient and temperature-controlled environments and high-bay clearance. In 2022 an expansion of the facility was completed adding 2,910 sqm of GLA and a rooftop 330KW solar PV array.
Asset summary
as at 30 June 2024
Title
Freehold
Site area
26,181 sqm
Lettable area
15,781 sqm
Occupancy
100 %
WALE (by income)
7.5 years
Major tenant
Symbion
Valuation summary
Book value
$ 40.8 m
Valuation date
30-Jun-24
Cap rate
5.50 %
Discount rate
7.00 %
Location
The property is situated within the Key Industrial Park, a sought-after location, approximately 30 kilometres south-east of the Melbourne CBD. It has easy access to EastLink, Dandenong Bypass and South Gippsland Highway.
Description
Constructed in 2013, this high-spec distribution facility comprises ambient and temperature-controlled environments and high-bay clearance. In 2022 an expansion of the facility was completed adding 2,910 sqm of GLA and a rooftop 330KW solar PV array.