Award winning industrial facility sells for $13.75m in Steel River Estate
5 Steel River Boulevard, Mayfield West has sold, a premium industrial property located in one of Newcastle’s most tightly held industrial precincts, Steel River Estate.
The property spans a 13,234sqm site and features a 3,875sqm state-of-the-art warehouse and office facility, with design by EJE Architects that earned it the prestigious 2018 Master Builders Award. The asset includes two levels of high-quality office fit-out, expansive warehouse space, and undercover loading facilities. The property also holds DA approval for a further 2,900sqm of warehouse accommodation, presenting significant potential for future expansion.
Positioned within the Steel River Industrial Estate, the property benefits from dual street frontage with access from Steel River Boulevard and Murray Dwyer Circuit, enhancing both operational efficiency and logistics capabilities. Its strategic location places it close to the Newcastle CBD, port infrastructure, and major transport corridors making it a prime industrial offering in the region.
The facility sold for $13,750,000 to a repeat Sydney-based private investor, following a competitive national sales campaign led by our Partner and Head of Sales & Leasing, Byrne Tran and Sales Director, Jared Harris.
“We undertook a comprehensive national campaign which drew strong interest from local, Sydney and interstate buyers,” said Jared Harris. “The result demonstrates the continued demand for well-positioned, high-quality industrial assets in Newcastle.”
Byrne Tran, added, “The purchaser was particularly attracted to the building’s award-winning design, its DA-approved expansion potential, and the limited availability of prime-grade industrial stock in the region. Their confidence in the leasing market further supported their acquisition strategy.”
The sale of 5 Steel River Boulevard highlights the ongoing resilience of the Newcastle industrial market, with premium assets continuing to draw investor attention despite broader economic factors.
For more information please contact Byrne Tran on 0422 302 691 or Jared Harris on 0410 611 482.
