36-38 Roberts Street
Address
36-38 Roberts Street
West Footscray VIC 3012
Project Details
- Sector: Industrial & Logistics
- Strategy: Value Add
- Vehicle: CDIT 3
- Status: Complete
Building Area
7,821 sqm
Site Area
20,691 sqm
Overview
Roberts Street is a 20,691sqm industrial asset acquired by Cadence in the inner western market of West Footscray. The property comprises a 7,821sqm warehouse, 2,150sqm hardstand and additional surplus land, positioned for value-add through capital upgrades, re-leasing, and long-term asset stabilisation or redevelopment.
Cadence had developed a targeted capital expenditure and redevelopment program at Roberts Street to enhance functionality and appeal. The leasing strategy focused on securing quality tenants to stabilise income and position the asset for long-term growth.
The property was sold at a premium to the purchased price.
Location
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36-38 Roberts Street, West Footscray , VIC 3012