278 Orchard Road, Richlands
Overview
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