9-13 Caribou Drive, Direk SA


9-13 Caribou Drive, completed in 2009, the property is located 25 kilometres north of Adelaide, 3 kilometres from the Northern expressway and proposed new off ramp and is the state distribution facility for Kimberley Clark. The building comprises 6,612sqm of warehouse with 9.65 metre internal clearance and 410sqm of office. The property has 4 integrated finger docks for B Double trucks with dock levellers on a separate dock for rear loading vehicles. The property also incorporates 5,900sqm of driveway and hardstand and parking for 35 cars.

Property Information
Property type Industrial
 Ownership interest 100%
 Title Freehold
 Latest independent valuation June 2016
 Book value ($m) 9.6
 Capitalisation rate (%) 8.50
 Net lettable area (NLA) 7,023 sqm
 Occupancy (%) 100
 Weighted average lease term to expiry (years) 3.3
 Major Tenant Kimberley Clark
 Lease expiry October 2019

*Information accurate as at 11.01.2017 and provides a summary of key information in relation to the named property within the Centuria Industrial REIT portfolio. Information is in summary form only and investors should refer to the Fund’s published financial statements and other disclosures for further information and detail on the portfolio.