18-20 Butler Boulevard, Adelaide Airport

Overview

The property is located within Burbridge Business Park, which is part of the Adelaide Airport precinct. Major logistics occupiers in the precinct include Toll, TNT, FedEx, StarTrack Express and Australia Post. The property comprises of a warehouse and two-level office building, and associated hardstand with on-site car parking. The property is fully leased to Thermo Gamma-Metrics.

Asset Information

  • Asset typeIndustrial
  • Year built2007
  • TitleLeasehold
  • Site area (hectares)1.7
  • Lettable area ('000sqm)7.0
  • Lettable area adjusted for ownership ('000sqm)7.0
  • Car parking spaces126
  • OwnerDXI
  • Ownership (%)100
  • Major tenantThermo Gamma-Metrics Pty Ltd
  • Acquisition dateMarch 2021
  • Book value at ownership ($m)9.8
  • Independent valuation dateJune 2024
  • Independent valuation at ownership ($m)9.8
  • Market cap rate (%)7.00
  • Leased by area (%)100
  • Weighted lease term by income (years)2.7
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