A prime development site in the burgeoning Logan City, strategically located between Brisbane and the Gold Coast in Queensland, has recently changed hands in a significant off-market transaction. The property, spanning 2,023 square meters at 289 Kingston Road in Logan Central, was acquired for $950,000 by commercial property syndicator Properties & Pathways from a private investor. The sale was facilitated by Knight Frank agents Jacob Heinke and Hayden Ryan, who navigated the deal seamlessly.
The site, previously sold in 2015 for $500,000, boasts versatile zoning that allows for various commercial and residential applications. Its proximity to the Logan Medical Centre, along with the existing three-bedroom house on the premises, presented a lucrative opportunity for the buyer. The acquisition aligns with Properties & Pathways’ strategic vision to enhance the medical center by securing the entire corner position on Kingston Road, paving the way for future development initiatives.
According to Jacob Heinke, the property’s development potential combined with the rental income from the existing dwelling made it an attractive investment prospect. The off-market nature of the transaction allowed for a tailored approach that catered to the needs of both the buyer and the seller, resulting in a mutually beneficial outcome. Hayden Ryan emphasized that the growth trajectory of Logan City, a prominent area in South East Queensland, sets the stage for enhanced community amenities and services that cater to the evolving needs of local residents.
Properties & Pathways Managing Director, Cal Doggett, highlighted the strategic importance of acquiring the neighboring site to accommodate synergistic tenants and drive asset value appreciation. The expansion project is expected to unfold over the next 18 months, offering a promising return on investment for stakeholders. By leveraging market insights and identifying strategic growth opportunities, Properties & Pathways aims to deliver sustainable value and bolster investor confidence in the commercial property sector.
The transaction not only underscores the vibrancy of the commercial property market in Logan City but also reflects a broader trend of strategic acquisitions driving value creation and community development. As urban centers continue to evolve, investors and developers are increasingly focused on unlocking the potential of well-positioned assets to meet the growing demand for quality commercial and residential spaces.
In conclusion, the sale of the development site in Logan City exemplifies the intersection of strategic vision, market dynamics, and community development. By capitalizing on the area’s growth prospects and aligning with local development priorities, Properties & Pathways sets a precedent for value-driven investments that resonate with evolving market trends. The successful completion of this transaction underscores the resilience and adaptability of the commercial property sector in navigating changing landscapes and creating enduring value for stakeholders and communities alike.
🔗 Reddit Discussions
- I’m the editorial page editor of USA TODAY, and I recently lost a son to the opioid epidemic. I’m joined by Dr. Marc Fishman, medical director at Maryland Treatment Centers in Baltimore. AMA!
- Transgender Health AMA Series: I’m Joshua Safer, Medical Director at the Center for Transgender Medicine and Surgery at Boston University Medical Center, here to talk about the science behind transgender medicine, AMA!
- Science AMA Series: We’re the OCD Research Team at New York State Psychiatric Institute/Columbia University Medical Center. We will answer questions about treatment and will demystify any misconceptions you have about Obsessive-Compulsive Disorder!