296 McGregor Rd 48,793 SF 4-Star Industrial Building Pakenham, VIC 3810 For Sale

AW Industrial proudly presents an outstanding tenanted industrial investment at 296 McGregor Road, Pakenham. Purpose-built and recently completed by renowned industrial developer 5 Play Projects, this state-of-the-art facility spans 4,533 m² on a generous 7,338 m² site, delivering a premium specification complemented by significant main road exposure.
The property is exceptionally designed for functionality, with a high-clearance warehouse supported by a dual-level corporate office, four roller shutter doors, and a large side canopy for efficient all-weather loading. Secure boundary fencing, landscaped surrounds, and 66 on-site car parks elevate the property both operationally and aesthetically. Positioned just 400 m from the Princes Freeway with exposure to the future Pakenham Bypass, this prime location ensures direct arterial connectivity across the southeast.
Anchored by a strong five-year lease commenced August 2023, the asset returns $539,318 per annum* with fixed 4% annual increases and two further five-year options, under a non-retail lease structure. With a six-month bank guarantee and tenant-funded outgoings, this rare industrial investment offers long-term security and attractive growth metrics in one of Melbourne’s most dynamic industrial corridors.