131 Mica Street is a premium quality distribution centre located approximately 23 kilometres south-west of the Brisbane CBD.

The facility comprises a modern industrial warehouse with high internal clearance and covered, all-weather hard stand areas. The associated office space has an impressive double height reception area with showroom and shared car parking.

The facility benefits from close proximity to the Formation Street interchange with the M2 Logan Motorway to the Gold Coast, and access onto the M7 into Brisbane. Nearby are the green spaces of Wolston Park and Gailes Golf Courses, and Gailes Railway Station is 2.5 kilometres away.

- Premium quality distribution centre

- Close to Brisbane CBD

- Good access to the M2 and M7

Property Details

Building type
Distribution Centre
Title
Freehold
Site area (hectares)
2.7
Lettable area ('000sqm)
13.3
Number of buildings
1
Year built
2006
Major tenant
Blackwoods
Owner
DXS
Ownership (%)
100

Property Statistics

Metro area
Brisbane
Zoning
Regional Business and Industry
Site coverage (%)
49
Number of units
1
Average unit size
13.3
Acquisition date
January 2013
Book value at ownership ($m)
27.0
Independent valuation date
December 2018
Independent valuation at ownership ($m)
27.0
Market cap rate (%)
6.25
Initial yield (%)
6.75
Leased by area (%)
100
Weighted lease term by income (years)
9.0