An interstate investor has snapped up a landmark essential services investment at Berrinba Central for $13.8 million.
Burgess Rawson from CBRE Senior Director, Yosh Mendis and Associate Director, Josh Scapolan handled the sale.
Located at 5-7 Peter Way, the newly constructed, high-specification centre represents a textbook example of a defensive investment within significant growth corridor.
Completed in 2023 by Deluca Corporation, the 2,260sqm multi-level complex boasts modern, state-of-the-art facilities and is situated on a prominent 3,157sqm corner site within the thriving Berrinba Central retail precinct. The property is underpinned by a diverse and resilient tenant mix, including the Queensland Government, Oxanda Education (Childcare), Lifeline (Uniting Church), and Little Snappers Swim School.
Mr Mendis said this is a characteristic example of what investors are chasing – a brand-new, high-quality essential services asset with national tenant covenants in one of Queensland’s fastest growing corridors. These assets continue to attract capital from southern states where we are seeing an increased number of cross border transactions across our wider national investment business.
The investment offers a weighted average lease expiry (WALE) of 7.92 years and features structured rental growth via fixed annual increases of 2.5% or CPI, and 3% to 3.5% for certain tenancies as well as substantial depreciation benefits on offer due to its recent construction.
Strategically located along the Logan Motorway corridor, between Brisbane, the Gold Coast and Ipswich, the site benefits from immense infrastructure investment and population growth. It sits directly adjacent to a Woolworths shopping centre and is surrounded by major national brands including McDonald’s, KFC, Starbucks, United Petroleum and Bridgestone.
Adding to the appeal is its proximity to the $1.5 billion Crestmead Logistics Estate, a nine-stage industrial development that is set to create over 6,000 jobs and house more than 650,000sqm of commercial space.
With Logan recognised as the second fastest-growing local government area in South-East Queensland and a projected population increase of 65% by 2046.
Mr Scapolan added the sale underscores continued strong demand for essential services real estate with secure, long-term income streams, particularly in strategic, high-growth locations like Berrinba.
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