Quarrywest

5 Dolerite Way, Greystanes

Overview

5 Dolerite Way is located in Sydney’s premier industrial estate, Quarrywest. A 10,100 square metre warehouse featuring innovative industrial design and sustainable elements.

Quarrywest provides circa 123,000 square metres of prime industrial space and is one of Australia's largest premier estates appealing to varied end users. Quarrywest is located on Prospect Highway in a core industrial market.

- Key position in Western Sydney

- Extensive motorway connections

- High demand area

Asset Information

  • Asset typeIndustrial Estate
  • Year built2016
  • TitleFreehold
  • Asset locationSydney Outer West
  • ZoningIN2 Light Industrial
  • Site area (hectares)2.00
  • Site coverage (%)51
  • Lettable area ('000sqm)10.1
  • Lettable area adjusted for ownership ('000sqm)5.1
  • Number of buildings1
  • Number of units1
  • Average unit size10
  • Office content10
  • Car parking spaces60
  • Owner DXS,DEXUS INDUSTRIAL PARTNER
  • Ownership (%)50
  • Co-ownerDexus Industrial Partner
  • Major tenantSOS Warehousing
  • Acquisition dateJune 2014
  • Book value at ownership ($m)24.5
  • Independent valuation dateDecember 2023
  • Independent valuation at ownership ($m)24.5
  • Market cap rate (%)5.00
  • 12 month rolling yield (%)3.37
  • Leased by area (%)100
  • Weighted lease term by income (years)5.2
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