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 12,334sqm and was constructed in 2007. 

Asset Information

  • Asset typeIndustrial
  • Year built2007
  • TitleLeasehold
  • Site area (hectares)2.3
  • Lettable area ('000sqm)12.3
  • Lettable area adjusted for ownership ('000sqm)12.3
  • Car parking spaces164
  • OwnerDXI
  • Ownership (%)100
  • Major tenantMiele Australia Pty Limited
  • Acquisition dateDecember 2013
  • Book value at ownership ($m)21.5
  • Independent valuation dateDecember 2024
  • Independent valuation at ownership ($m)21.5
  • Market cap rate (%)7.00
  • Leased by area (%)100
  • Weighted lease term by income (years)2.4
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