278 Orchard Road, Richlands


278 Orchard Road is a 11.3-hectare site with functional multi- tenant warehousing. There facility has large cubic capacity with internal clearance up to 13.7 metres, ESFR sprinklers, a mix of on grade and docks access, large all-weather awning, full B double and full street access. The asset has good access to the Ipswich and Centenary Motorway networks.

Asset Information

  • Asset typeIndustrial Estate
  • Year built1985
  • Asset locationBrisbane South West
  • ZoningGeneral Industry C
  • Site area (hectares)10.0
  • Lettable area ('000sqm)52.9
  • Lettable area adjusted for ownership ('000sqm)27.0
  • Number of buildings1
  • Number of units6
  • Average unit size9
  • Owner DXS,DALT
  • Ownership (%)51
  • Co-ownerDexus Australian Logistics Partner
  • Major tenantMCM Logistics
  • Acquisition dateMarch 2021
  • Book value at ownership ($m)50.0
  • Independent valuation dateJune 2023
  • Independent valuation at ownership ($m)50.0
  • Market cap rate (%)5.25
  • 12 month rolling yield (%)5.20
  • Leased by area (%)0.97
  • Weighted lease term by income (years)1.9
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