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