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