Stonemason pays $5.6 million for Adaptalift Group’s former Truganina warehouse

A Truganina industrial investment developed in 2010 by Vaughan for Hyster, which was last year bought by Adaptalift Group, has sold for $5.6 million.

The forklift hire company has outgrown the 4347 square metre facility on a 9543 sqm parcel at 42-44 Jessica Way, 22 kilometres west of Melbourne.

Following a private sale campaign managed in January by ICR Property Group’s Raff De Luise and Julian Materia – a stonemason picked it up with the intention of owner occupying.

Interestingly, the buyer was also looking for a larger site to expand its business, adding manufacturing and distribution functions.

With 77 metres of street frontage the Truganina property contains 41 car parks, six container height warehouse door access points, a five tonne gantry crane, drive around truck access, container drop point and canopy with wash bay area and triple interceptor pit.

The office area spreads 803 sqm – or 18 per cent of the gross lettable area – which is high for an industrial property.

Adaptalift was paying $370,000 per annum, plus outgoings, to rent the space, which is about four kilometres from each of the Deer Park Bypass and Western Freeway.

Its lease for 42-44 Jessica Way expired on February 4.

The Truganina site is about 22 kilometres from the city.
The warehouse includes a wash bay area with triple interceptor pit.
The facility includes 803 square metres – or 18 per cent – of office space, which is high for an industrial property.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco