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
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