128 Paramount Boulevard, Derrimut, Vic 3026

Cushman & Wakefield are pleased to offer for sale 128 Paramount Boulevard, Derrimut VIC.

The property offers a rare opportunity to acquire a brand-new cold storage facility, at a significant discount to replacement cost, positioned within an institutional market and one of the most sought-after asset classes.
Due for completion in October 2026, the facility comprises approximately 4,232 sqm of freezer, chiller and corporate office accommodation on a substantial 9,793 sqm site (43% site coverage).  Offered with vacant possession, the property suits owner-occupiers seeking an immediate, occupier-ready cold chain facility, as well as investors seeking to lease into a Melbourne West cold storage market with 0.0% vacancy, with an estimated net market rent of circa $1.5 million p.a.

Key Investment Highlights include:
- State-of-the-Art Cold Store – Brand-new facility providing 4,232 sqm of accommodation, with temperature capabilities ranging from -18°C to 4°C.
- Occupier Ready – available with vacant possession, featuring corporate-grade offices over two levels, ambient and cold chain airlock recessed docks together with on-grade loading, plus provisions for water treatment and drainage.
- Exceptional Power Supply – Purpose-designed for temperature-controlled operations with 1,500 kVA (1,800amps) three-phase power.
- Replacement Cost Dynamics – With zero vacancy across the Melbourne West cold storage market and rising construction costs, existing facilities are well positioned to benefit from sustained value appreciation.
- Institutionally Owned Precinct – Derrimut is underpinned by major institutional landlords and global occupiers including ESR, Frasers, DHL, Linfox and Volkswagen.
- Seamless Connectivity – Immediate access to the Western Ring Road (M80) and Western Freeway (M8), with the Port of Melbourne and Melbourne Airport each approximately 20 minutes’ drive.

The property is being offered via an on-market Expressions of Interest (EOI) campaign closing Thursday, 12 November 2026 at 4:00pm (AEDT).

For further information or to arrange an inspection please contact the exclusive marketing agents.

*All figures are approximates