SOLD
Sold on 15 Feb 2024 for $17,960,000

62 Sandstone Place
Parkinson QLD 4115

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 21930m2
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Property Details for 62 Sandstone Pl, Parkinson

Building Type
Commercial
Land Size
21930m2
Local Government
Brisbane
Lot/Plan
101/SP233868

Last Listing description (July 2023)

Cushman & Wakefield Capital Markets Industrial & Logistics team, in conjunction with CBRE, are pleased to offer for sale 62 Sandstone Place, Berrinba, a high quality office warehouse facility with expansion potential located along the Logan Motorway Corridor, South East Queensland's major warehousing and logistics precinct.

Key Investment Highlights for 62 Sandstone Place, Berrinba include:


Secure lease to Fujifilm
2.6 year WALE (as at 1 September 2023)
Prime Logan Motorway Corridor location with limited development opportunities
Corner site with two street access
Potential to further expand warehouse (STCA)
Net income $1,203,800 p.a.*
Significant tenant investment in current fit-out

The property is being offered for sale via Expressions of Interest closing Tuesday 15th August 2023 at 4:00pm (AEST).

62 Sandstone Place, Parkinson is being offered as part of the Institutional Grade Logistics Collection, which includes 5 Queensland assets and 1 Western Australian asset. The following links provide details on the other assets.

https://www.commercial***/property/2-56-australand-drive-berrinba-qld-4117-2018651663

https://www.commercial***/property/92-sandstone-place-parkinson-qld-4115-2018651670

https://www.commercial***/property/99-radius-drive-larapinta-qld-4110-2018651671

https://www.commercial***/property/77-logistics-place-larapinta-qld-4110-2018651672

https://www.commercial***/property/35-baile-road-canning-vale-wa-6155-2018651777

For further information please contact the below exclusive marketing agents.

*Approx
(STCA) Subject to Council Approval

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Property History for 62 Sandstone Pl, Parkinson, QLD 4115

A timeline of how this property has performed in the market
Last Sold
$17,960,000
15 Feb 2024
  • 15 Feb 2024
    Sold for $17,960,000
  • 18 Jul 2023
    Listed for Sale Contact Agent
  • 19 Sep 2015
    Sold for $24,000,000
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About Parkinson 4115

The size of Parkinson is approximately 8.2 square kilometres. It has 12 parks covering nearly 38.1% of total area. The population of Parkinson in 2011 was 9,538 people. By 2016 the population was 10,876 showing a population growth of 14.0% in the area during that time. The predominant age group in Parkinson is 30-39 years. Households in Parkinson are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkinson work in a professional occupation. In 2011, 78.6% of the homes in Parkinson were owner-occupied compared with 77.8% in 2016.

Parkinson has 3,973 properties. Over the last 5 years, Houses in Parkinson have seen a 85.41% increase in median value, while Units have seen a 103.22% increase. As at 30 November 2024:

  • The median value for Houses in Parkinson is $1,173,168 while the median value for Units is $702,062.
  • Houses have a median rent of $723 while Units have a median rent of $615.
There are currently 25 properties listed for sale, and 8 properties listed for rent in Parkinson on OnTheHouse. According to CoreLogic's data, 177 properties were sold in the past 12 months in Parkinson.

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