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23 Wonderland Drive, Eastern Creek

The property consists of a modern freestanding warehouse situated in the key western Sydney industrial market of Eastern Creek. The property offers excellent access to the M4 and M7 interchange, with a total GLA of 23,200 sqm. The building is fully leased to Icehouse Logistics.

Location: Western Sydney, NSW
Acquisition date:Sep 2015
Ownership/Title:100%/Freehold
Cost including additions:$36.9 million
Last Independent Valuation
Date:Jun 2018
Valuation:$42.0 million
Valuation $/m2:$1,814/m²
Capitalisation rate:6.25%
Discount rate:7.25%
Lettable area:23,159 m²
Site area:4 ha
Weighted average lease expiry:3.2 years
Major TenantsGLA m2
Icehouse Logistics23,159