Logistics building at Jalan Ahmad Ibrahim for sale at $50 mil
for sale in Singapore
301 Jalan Ahmad Ibrahim is an integrated two-storey logistics building that is currently up for sale via private treaty. CBRE, the marketing agent, has priced the property at “approximately $50 million.” The land area is 3.7 ha (403,401 sq ft) and has a plot ratio of 1.4. The remaining lease for the property extends to 2041.
The warehouse facility has a gross floor area of 459,278 sq ft, which includes 430,000 sq ft of warehouse space as well as 26,000 sq ft of ancillary office space. With an approved plot ratio of 1.4, the potential built-up area of the property stands at 564,761 sq ft – a further 105,483 sq ft that remains untapped.
The warehouse is complete with various features to facilitate efficient cargo loading. It boasts a ceiling height of over 8m per floor, 15 dock levellers, 40-foot container parking lots, a 6-tonne cargo lift and two 3-tonne goods hoists.
The property also has great connectivity due to its dual entrances, which provide easy access to multiple major expressways such as the Ayer Rajah Expressway and the Pan Island Expressway. Its proximity to Tuas Mega Port and Tuas Checkpoint makes it an ideal choice for import and export activities.
Graeme Bolin, CBRE’s head of occupier and leasing, industrial and logistics services, commented: “301 Jalan Ahmad Ibrahim is well-designed to handle high cargo volumes and offers convenient connectivity to major expressways, making it an efficient choice for import and export activities, especially with its proximity to the Tuas Mega Port and Tuas Checkpoint.”
Being surrounded by a well-connected network of arterial roads and expressways, Lumina Grand Bukit Batok is conveniently located just off of Bukit Batok Road, around 15 minutes away from the city in the West. Residents have direct access to multiple routes via Upper Bukit Timah Road and Pan Island Expressway (PIE) to get to their destination with ease. The Bukit Batok MRT Station is also conveniently located 1.3km away from the EC and provides another mode of transportation for residents.
Recent industrial sales transactions on Jalan Ahmad Ibrahim have been quite active, with numerous properties up for sale. For those who may be interested to explore other industrial properties, the latest listings for industrial real estate in Singapore are available when you check out EdgeProp.