15-23 Whicker Road, Gillman
Overview
Just 13 kilometres out of Brisbane, the five-building property includes 100 car onsite spaces and has excellent access to major arterial roads and the Brisbane Multi-User Terminal.
Asset Information
- Asset typeDistribution Centre
- Year built1970
- TitleFreehold
- Asset locationAdelaide
- ZoningGeneral Industry 2
- Site area (hectares)9.70
- Site coverage (%)75
- Lettable area ('000sqm)72.3
- Lettable area adjusted for ownership ('000sqm)36.9
- Number of buildings2
- Number of units2
- Average unit size37
- Owner DXS,DALT
- Ownership (%)51
- Co-ownerDexus Australian Logistics Partner
- Major tenantLinfox
- Acquisition dateDecember 2002
- Book value at ownership ($m)22.2
- Independent valuation dateDecember 2023
- Independent valuation at ownership ($m)22.2
- Market cap rate (%)9.75
- 12 month rolling yield (%)10.06
- Leased by area (%)100
- Weighted lease term by income (years)1.0