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DESCRIPTION:Flexible Investment Leased to a Major Global Company\nCBRE is p
 leased to offer 582-600 Somerville Road\, Sunshine West for sale via Expre
 ssions of Interest closing Thursday\, 27 August 2026 at 2pm AEST.\n\nCompr
 ising three warehouse facilities\, the asset is fully leased to Iron Mount
 ain Australia Group Pty Ltd\, a globally recognised entity and subsidiary 
 of NYSE listed Iron Mountain Incorporated (NYSE:IRM). The asset generates 
 a net income of $2\,850\,587 p.a. with 2.6 years remaining on the lease pl
 us 3 x 4 year options. \n\nInvestment Highlights: \n\n+ Fully leased to bl
 ue chip tenant Iron Mountain Australia Group Pty Ltd\, a subsidiary of Iro
 n Mountain Incorporated listed on the NYSE (NYSE:IRM)\n+ 2.6 year WALE (as
  at 1 September 2026)\n+ Net passing income of $2\,850\,587 p.a. with annu
 al 3.0% rent increases\n+ 3 x 4 year options with uncapped market reviews\
 n+ Three functional warehouses with a combined GLA of 18\,450sqm\n+ Landho
 lding of 4.4Ha with low site cover of 42%\n+ Two separately titled land pa
 rcels \n+ Multiple value add opportunities (STCA)\n+ Premier inner west lo
 cation\, 12kms from Melbourne's CBD\n\nThe property is situated in the hig
 hly land constrained suburb of Sunshine West. The asset's proximity to the
  Port of Melbourne (8km)\, Melbourne CBD (12km)\, connectivity to major tr
 ansport links and established residential catchments will underpin future 
 occupier demand\, particularly among 'last mile' occupiers. \n\nEXPRESSION
 S OF INTEREST CLOSE THURSDAY 27 AUGUST 2026 AT 2PM AEST.\n\nFor more infor
 mation\, contact the selling agents from CBRE.\n\n*all figures are approxi
 mate and as at 1 September 2026
DTEND:20260827T140000
DTSTAMP:20260731T015039Z
DTSTART:20260827T140000
LOCATION:
SEQUENCE:0
SUMMARY:Expression Of Interest: 582-600 Somerville Road\, Sunshine West VIC
UID:CRE-2021037332-EOI
X-ALT-DESC;FMTTYPE=text/html:<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2//EN"><html><head><t
 itle></title></head><body><P DIR=LTR>Flexible Investment Leased to a Major
  Global Company <br/> CBRE is pleased to offer 582-600 Somerville Road\, S
 unshine West for sale via Expressions of Interest closing Thursday\, 27 Au
 gust 2026 at 2pm AEST. <br/>  <br/> Comprising three warehouse facilities\
 , the asset is fully leased to Iron Mountain Australia Group Pty Ltd\, a g
 lobally recognised entity and subsidiary of NYSE listed Iron Mountain Inco
 rporated (NYSE:IRM). The asset generates a net income of $2\,850\,587 p.a.
  with 2.6 years remaining on the lease plus 3 x 4 year options.  <br/>  <b
 r/> Investment Highlights:  <br/>  <br/> + Fully leased to blue chip tenan
 t Iron Mountain Australia Group Pty Ltd\, a subsidiary of Iron Mountain In
 corporated listed on the NYSE (NYSE:IRM) <br/> + 2.6 year WALE (as at 1 Se
 ptember 2026) <br/> + Net passing income of $2\,850\,587 p.a. with annual 
 3.0% rent increases <br/> + 3 x 4 year options with uncapped market review
 s <br/> + Three functional warehouses with a combined GLA of 18\,450sqm <b
 r/> + Landholding of 4.4Ha with low site cover of 42% <br/> + Two separate
 ly titled land parcels  <br/> + Multiple value add opportunities (STCA) <b
 r/> + Premier inner west location\, 12kms from Melbourne's CBD <br/>  <br/
 > The property is situated in the highly land constrained suburb of Sunshi
 ne West. The asset's proximity to the Port of Melbourne (8km)\, Melbourne 
 CBD (12km)\, connectivity to major transport links and established residen
 tial catchments will underpin future occupier demand\, particularly among 
 'last mile' occupiers.  <br/>  <br/> EXPRESSIONS OF INTEREST CLOSE THURSDA
 Y 27 AUGUST 2026 AT 2PM AEST. <br/>  <br/> For more information\, contact 
 the selling agents from CBRE. <br/>  <br/> *all figures are approximate an
 d as at 1 September 2026</P></body></html>
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