SOLD
Sold on 08 Jul 2024 for $32,000,000

92 Sandstone Place
Parkinson QLD 4115

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 24880m2
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Property Details for 92 Sandstone Pl, Parkinson

Building Type
Commercial
Land Size
24880m2
Local Government
Brisbane
Lot/Plan
102/SP233843

Last Listing description (July 2023)

Cushman & Wakefield Capital Markets Industrial & Logistics team, in conjunction with CBRE, are pleased to offer for sale 92 Sandstone Place, Parkinson. The property provides and rare opportunity to secure a high quality distribution facility as an investment or to occupy along the Logan Motorway Corridor, South East Queensland's major warehousing and logistics precinct.

Key Investment Highlights for 92 Sandstone Place, Parkinson include:


Freestanding 13,738sqm* distribution facility with two street access
Warehouse provides 12m* internal clearance and ESFR sprinkler system
Generous hardstand areas
Currently returning $1,373,800 net p.a.*
Short term lease (Nov 2023) providing potential for immediate positive rental reversion
Ability to occupy by end of 2023
Highly constrained market with limited existing building and development opportunities

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

92 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/62-sandstone-place-parkinson-qld-4115-2018651667

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

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Property History for 92 Sandstone Pl, Parkinson, QLD 4115

A timeline of how this property has performed in the market
Last Sold
$32,000,000
08 Jul 2024
Listed for Rent
$30k/w
06 Dec 2021
  • 08 Jul 2024
    Sold for $32,000,000
  • 15 Feb 2024
    Sold for $27,200,000
  • 18 Jul 2023
    Listed for Sale Contact Agent
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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 3,960 properties. Over the last 5 years, Houses in Parkinson have seen a 92.73% increase in median value, while Units have seen a 94.25% increase. As at 30 September 2024:

  • The median value for Houses in Parkinson is $1,192,502 while the median value for Units is $687,715.
  • Houses have a median rent of $720 while Units have a median rent of $600.
There are currently 38 properties listed for sale, and 13 properties listed for rent in Parkinson on OnTheHouse. According to CoreLogic's data, 185 properties were sold in the past 12 months in Parkinson.

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