50 and 70 Radius Drive is a recently developed industrial estate offering 23,136 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 Details

Building type
Industrial Estate
Title
Freehold
Site area (hectares)
4.3
Lettable area ('000sqm)
23.1
Lettable area adjusted for ownership ('000sqm)
11.6
Number of buildings
1
Year built
2016
Major tenant
Mainfreight Logistics
Owner
DXS
Ownership (%)
50
Co-owner
Dexus Industrial Partner

Property Statistics

Metro area
Brisbane, South
Zoning
General Industrial
Number of units
2
Average unit size
11.5
Office content (%)
2
Acquisition date
August 2014
Book value at ownership ($m)
19.3
Independent valuation date
December 2018
Independent valuation at ownership ($m)
19.3
Market cap rate (%)
6.25
Initial yield (%)
6.27
Leased by area (%)
100
Weighted lease term by income (years)
4.8