131 Mica Street, Carole Park

Overview

131 Mica Street is a premium quality distribution centre located approximately 23 kilometres south-west of the Brisbane CBD.

The facility comprises a modern industrial warehouse with high internal clearance and covered, all-weather hard stand areas. The associated office space has an impressive double height reception area with showroom and shared car parking.

The facility benefits from close proximity to the Formation Street interchange with the M2 Logan Motorway to the Gold Coast, and access onto the M7 into Brisbane. Nearby are the green spaces of Wolston Park and Gailes Golf Courses, and Gailes Railway Station is 2.5 kilometres away.

- Premium quality distribution centre

- Close to Brisbane CBD

- Good access to the M2 and M7

Property Information

  • Building typeDistribution Centre
  • TitleFreehold
  • Site area (hectares)2.7
  • Lettable area ('000sqm)13.3
  • Lettable area adjusted for ownership ('000sqm)10.0
  • Number of buildings1
  • Year built2006
  • Major tenantBlackwoods
  • OwnerDXS
  • Ownership (%)75
  • Co-ownerDexus Australian Logistics Partner
  • Metro areaBrisbane
  • ZoningRegional Business and Industry
  • Site coverage (%)49
  • Number of units1
  • Average unit size13.3
  • Acquisition dateJanuary 2013
  • Book value at ownership ($m)20.9
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)20.9
  • Market cap rate (%)6.00
  • Initial yield (%)6.58
  • Leased by area (%)100
  • Weighted lease term by income (years)8.5