600 Geelong Road, Brooklyn Industrial Estate was acquired by Marks Henderson for $20 million in December 2004, providing an initial return of approximately 6% on funds invested.
This transport and distribution centre comprises some 14.27 hectares of land including 33,000 sqm of warehouse, office and container facilities across 7 buildings. Major tenants include TTL (transport and logistics), Storage King (self storage) and Avanti (bikes).
The Brooklyn Estate is approximately 10 km west of the Melbourne CBD with easy access to the West Gate Freeway/Western Ring Road and the Port of Melbourne.
The property was subdivided into 2 lots being:
Lot 1, facing Geelong Road, which was sold to a Western Australian based investment group.
Lot 2 is vacant land, which was sold to a local transport operator.
The Brooklyn Industrial Estate was sold in 2014 and 2015 after subdivision for $23.95 million.