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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: $36.8 million
Last Independent Valuation
Date: Dec 2016
Valuation: $36.5 million
Valuation $/m2: $1,576/m²
Capitalisation rate: 6.75%
Discount rate: 7.50%
Lettable area: 23,159 m²
Site area: 4 ha
Weighted average lease expiry: 4.2 years
Major Tenants GLA m2
Icehouse Logistics 23,159