Logan Megacentre, Logan, QLD
DESCRIPTION
Opened in March 2007, the centre is the premier homemaker facility for Brisbane's growing south-west corridor. Co-located with IKEA, the centre has excellent exposure to the M1 Motorway.
| SUMMARY INFORMATION | |
|---|
| GRADE | Bulky Goods Centre |
| OWNERSHIP | 100% MPT |
| GLA | 27,026 sqm |
| CARSPACES | 600 |
| ACQUISITION DATE | Oct 05 |
| LAST EXTERNAL VALUATION DATE | 31 Dec 10 |
| VALUATION AT 31 DEC 11 | $60.0m |
| VALUER | DIRECTORS VALUATION |
| CAPITALISATION RATE | 9.25% |
| DISCOUNT RATE | 10.25% |
| CENTRE MAT | N/A |
| SPECIALTY OCCUPANCY COST | N/A |
| MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
|---|
| SPOTLIGHT | 3,509 | Sep 17 |
| ANACONDA | 3,425 | Mar 17 |
| LEASE EXPIRY PROFILE % AREA | |
|---|
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