9 Boron Street, Narangba


9 Boron Street is a single tenant facility incorporating one traditional warehouse/office and a specialised galvanising facility.  Access to the site is via the established Boron Street. Bruce highway is access via Old Gympie/Boundary Road to the south.

Narangba is an established Industrial precinct 30kms north of the Brisbane CDB (35 minute drive). Direct access to the Bruce Highway, providing access to the Port of Brisbane and Airport to the south; whilst the northern regions of Morton Bay and the Sunshine Coast are accessible to the north. 

Asset Information

  • Asset typeIndustrial
  • Year built2021
  • TitleFreehold
  • ZoningGeneral Industry
  • Site area (hectares)3.6
  • Site coverage (%)32
  • Lettable area ('000sqm)11.8
  • Lettable area adjusted for ownership ('000sqm)11.8
  • Number of buildings1
  • Car parking spaces72
  • OwnerDXI
  • Ownership (%)100
  • Major tenantDSI Underground Australia Pty Ltd
  • Acquisition dateDecember 2021
  • Book value at ownership ($m)42.0
  • Independent valuation dateDecember 2023
  • Independent valuation at ownership ($m)42.0
  • Market cap rate (%)6.00
  • Leased by area (%)100
  • Weighted lease term by income (years)9.8
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