50 & 70 Radius Drive Larapinta

Overview

Key features include large floor plates, a large drive-through loading awning, three-phase power capacity, good hard stand truck turning and loading areas and approval for B double access. A rail spur connected to the adjoining Intermodal Terminal, runs behind the asset.

Asset Information

  • Asset typeIndustrial Estate
  • Year built2016
  • TitleFreehold
  • Asset locationBrisbane South West
  • ZoningGeneral Industry B
  • Site area (hectares)4.28
  • Site coverage (%)54
  • Lettable area ('000sqm)23.1
  • Lettable area adjusted for ownership ('000sqm)11.6
  • Number of buildings1
  • Number of units2
  • Average unit size12
  • Office content2
  • Owner DXS,DEXUS INDUSTRIAL PARTNER
  • Ownership (%)50
  • Co-ownerDexus Industrial Partner
  • Major tenantMainfreight
  • Acquisition dateAugust 2014
  • Book value at ownership ($m)26.9
  • Independent valuation dateDecember 2023
  • Independent valuation at ownership ($m)26.9
  • Market cap rate (%)5.63
  • 12 month rolling yield (%)4.96
  • Leased by area (%)100
  • Weighted lease term by income (years)4.8
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