616 Boundary Rd Richlands QLD

616 Boundary Rd, Richlands QLD

616 Boundary Rd, Richlands is a 13,763sqm warehouse facility on a 3.1 hectare site has dual street frontages and is located in the prime Richlands market with surrounding occupiers including Coca-Cola and Target. The property was acquired through a sale and leaseback transaction and is 100% occupied by logistics group, Border Express.

Asset summary
Current book value $16.4m
Capitalisation rate 7.25%
Building area 13,763 sqm
WALE 2.6 years
Occupancy 100%
Major tenants Expiry Area
Border Express FY22 13,763 sqm

Information accurate as at 31 December 2018 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.