5 Butler Boulevard, Adelaide Airport

Overview

The property is located within a commercial and industrial precinct known as Burbridge Business Park in the northwestern corner of Adelaide Airport, approximately seven kilometres west of Adelaide’s CBD. The property comprises six attached office/warehouse units with a combined GLA of 12,334 sqm and was constructed in 2007. The property is home to quality corporates including Toyota Australia, TNT and Miele Australia amongst others.

Property Information

  • Building typeIndustrial
  • Year built2007
  • TitleSub-leasehold
  • Metro areaAdelaide
  • ZoningCommonweath Land
  • Site area (hectares)2.3
  • Site coverage (%)52.7
  • Lettable area ('000sqm)12.3
  • Lettable area adjusted for ownership ('000sqm)12.3
  • Number of buildings1
  • Car parking spaces164
  • OwnerDXI
  • Ownership (%)100
  • Major tenantToyota
  • Book value at ownership ($m)20.0
  • Independent valuation dateDecember 2021
  • Independent valuation at ownership ($m)20
  • Market cap rate (%)6.16
  • Leased by area (%)100
  • Weighted lease term by income (years)3.3
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