1 Foundation Place, Greystanes

Overview

1 Foundation Place is a modern industrial estate located in the business hub of Greystanes offering freestanding units with high clearance and accompanying offices.

The facility is 6 kilometres west of Parramatta and 26 kilometres west of the Sydney CBD and is well connected to the major arterial routes of the M4 and M7 motorways.

- Modern freestanding buildings

- Multi-unit office/warehouse estate

- High clearance warehousing

Asset Information

  • Asset typeIndustrial Estate
  • Year built2004
  • TitleFreehold
  • Asset locationSydney Outer West
  • ZoningIN1 General Industrial
  • Site area (hectares)5.80
  • Site coverage (%)53
  • Lettable area ('000sqm)30.8
  • Lettable area adjusted for ownership ('000sqm)15.7
  • Number of buildings4
  • Number of units5
  • Average unit size6
  • Office content14
  • Car parking spaces266
  • Owner DXS,AIP,DALT
  • Ownership (%)51
  • Co-ownerDexus Australian Logistics Partner
  • Major tenantschenck process australia
  • Acquisition dateFebruary 2003
  • Book value at ownership ($m)60.7
  • Independent valuation dateDecember 2023
  • Independent valuation at ownership ($m)60.7
  • Market cap rate (%)5.25
  • 12 month rolling yield (%)4.24
  • Leased by area (%)100
  • Weighted lease term by income (years)2.8
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