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40 Scanlon Drive, Epping

40 Scanlon Drive is a modern warehouse facility of 9,371 sqm. The building offers high quality warehouse and office accommodation and is located 20 kilometres north of the Melbourne CBD. Access is available to the Craigieburn Bypass via Cooper Street interchange and is currently fully leased.

Location: Melbourne North, Vic
Acquisition date: Sep 2007
Ownership/Title: 100%/Freehold
Cost including additions: $8.9 million
Last Independent Valuation
Date: Dec 2015
Valuation: $9.0 million
Valuation $/m2: $960/m2
Capitalisation rate: 7.50%
Discount rate: 8.50%
Lettable area: 9,371 m2
Site area: 2 ha
Weighted average lease expiry: 3.6 years
Major Tenants GLA m2
Gruma Oceania 5,306
Grace Australia 4,065