Berrinba Healthcare & Retail Centre Changes Hands for $15.655 Million

A newly completed healthcare and retail investment within Logan’s rapidly growing Berrinba precinct built by award winning builder and developer De Luca Corporation has changed hands for $15.655 million highlighting continued investor demand for modern convenience-based assets underpinned by essential service and healthcare tenants.

The sale of the Berrinba Healthcare & Retail Centre at 204/486 Browns Plains Road was negotiated by CBRE’s Yosh Mendis and Josh Scapolan, with the asset attracting interest from private investors seeking secure income and exposure to one of South East Queensland’s strongest growth corridors.

Mr Mendis said, “The sale demonstrates the depth of investor demand for newly completed healthcare and convenience retail assets that provide diversified income and exposure to essential-service tenants. Buyers were particularly attracted to the centre’s strong tenant mix, long-term income security and built-in rental growth.”

Mr Scapolan added, “Beyond the asset itself, investors were drawn to the broader Berrinba Central precinct and the long-term growth fundamentals of the Logan region. Ongoing population growth, infrastructure investment and increasing demand for local services continue to support investment activity across South East Queensland.”

The property sold for $15,655,000 with a passing net income of $869,046 on a net yield of 5.55%.

Completed in 2025, the centre comprises a modern 1,877sqm healthcare and retail asset positioned on a prominent 4,506sqm site. The property is home to a complementary mix of healthcare, fitness, food and service-based operators, including OceansPlus Medical Centre, Jetts Fitness, Café 63, Ray White and Painstop, creating a diversified income profile underpinned by essential and convenience-led uses.

The asset forms part of the broader Berrinba Central master-planned development by De Luca and benefits from extensive parking, with 67 on-title car spaces in addition to access to a further 100 shared spaces throughout the precinct. Surrounded by national retailers including McDonald’s, Starbucks, KFC, Starbucks, Bridgestone and United Petroleum, the centre has established itself as a key community hub servicing the rapidly expanding Logan catchment.

Investors were particularly attracted to the centre’s diversified tenancy profile and built-in rental growth, with annual rent reviews across the asset providing a strong foundation for future income growth. The transaction further demonstrates the depth of capital targeting healthcare and convenience retail investments, particularly those located within high-growth metropolitan markets.

Located within the Logan local government area, the property benefits from significant residential growth and ongoing infrastructure investment, with the region forecast to experience substantial population increases over the coming decades. Its strategic position between Brisbane, Ipswich and the Gold Coast further underpins its long-term appeal to both occupiers and investors.

The sale highlights the continued demand for high-quality private wealth investment opportunities across South East Queensland, particularly assets providing a combination of secure income, modern improvements and exposure to rapidly growing population centres.