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
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