Acacia Gate Industrial Estate
Overview
Acacia Gate Industrial Estate is an industrial unit estate spread over four separate office/warehouse buildings with a total GLA of approximately 18,480 square metres.
The estate provides tenants with flexibility to expand by aggregating neighbouring tenancies, which range from approximately 840 to 4,950 square metres. A refurbishment program was completed in 2018 that involved a progressive internal and external ambient upgrade. The estate has subsequently been fully sprinklered.
Asset Information
- Asset typeIndustrial
- Year built1986
- Asset locationBrisbane, southern suburbs
- Site area (hectares)3.23
- Lettable area ('000sqm)18.5
- OwnerDWAPF
- Ownership (%)100
- Major tenantKAB Seating, Ozmas Trading
- Acquisition dateSeptember 2015
- Independent valuation dateJune 2023
- Independent valuation at ownership ($m)34.75
- Market cap rate (%)5.75
- Leased by area (%)100
- Weighted lease term by income (years)3.0