A leader in mobility products has found a new, long-term home in Sydney’s west.
Sunrise Medical Pty Ltd has signed a seven-year lease at 15 Daniel Street, Wetherill Park, with two additional two-year options.
Features of the 14,920sqm site include a building area in excess of 6,000sqm with state-of-the-art showroom, warehouse and office facilities, proximity to the M7 and M4 and visibility from The Horsley Drive.
“The high level of office space required proved to be a major challenge in finding a suitable building for the tenant,” Mr Greengarten said.
“The result was a lease being taken for a larger building, with surplus warehouse space they can grow into.”
It highlights the strength of infill industrial markets such as Wetherill Park and Smithfield, which have been beneficiaries of the outward shift of land supply for institutional owners.
“The established industrial precinct of Wetherill Park has benefited from strong rental and land growth in the past 24 months,” Mr Shakir added.
“Recent transactions have highlighted speculative developed facilities with rents sitting between $120 and $125psm net, while secondary rents have increased to between $115 and $120psm net.”
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