2-4 Military Road, Matraville
Overview
2-4 Military Road is a modern industrial estate located near Port Botany with easy access to the Eastern Distributor, the M5 Motorway and Sydney Airport.
The complex comprises two freestanding, high clearance industrial office/warehouse buildings with over 30,000 square metres on a site of 5.4 hectares.
- Modern office/warehouse complex
- Close proximity to Port Botany
- High clearance warehousing
Asset Information
- Asset typeIndustrial Estate
- Year built2000
- TitleFreehold
- Asset locationSydney South
- ZoningIN1 General Industrial
- Site area (hectares)5.40
- Site coverage (%)56
- Lettable area ('000sqm)30.4
- Lettable area adjusted for ownership ('000sqm)15.5
- Number of buildings2
- Number of units2
- Average unit size15
- Office content24
- Car parking spaces384
- Owner DXS,DALT
- Ownership (%)51
- Co-ownerDexus Australian Logistics Partner
- Major tenantFedex Logistics (Australia) Pty Ltd
- Acquisition dateDecember 2009
- Book value at ownership ($m)89.2
- Independent valuation dateDecember 2023
- Independent valuation at ownership ($m)89.3
- Market cap rate (%)5.00
- 12 month rolling yield (%)3.32
- Leased by area (%)100
- Weighted lease term by income (years)1.4