50 & 70 Radius Drive Larapinta

Overview

50 and 70 Radius Drive is an industrial estate offering 23,100 square metres of high quality office and warehouse space with multiple recessed loading docks and on grade access with substantial awnings.

The industrial site is 4.3 hectares in size and is conveniently located midway along Logan Motorway, south-east Queensland’s crucial connector road infrastructure.

Property Information

  • Building typeIndustrial Estate
  • Year built2016
  • TitleFreehold
  • Metro areaBrisbane, South
  • ZoningGeneral Industrial
  • Site area (hectares)4.3
  • Lettable area ('000sqm)23.1
  • Lettable area adjusted for ownership ('000sqm)11.6
  • Number of buildings1
  • Number of units2
  • Average unit size11.5
  • Office content2
  • OwnerDXS
  • Ownership (%)50
  • Co-ownerDexus Industrial Partner
  • Major tenantMainfreight Logistics
  • Acquisition dateAugust 2014
  • Book value at ownership ($m)19.4
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)19.4
  • Market cap rate (%)6.25
  • Initial yield (%)6.35
  • Leased by area (%)100
  • Weighted lease term by income (years)4.3
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