Logistics building at Jalan Ahmad Ibrahim for sale at $50 mil

The sale is being conducted via a public tender, with the tender closing next month.

A two-storey integrated logistics building located at 301 Jalan Ahmad Ibrahim – just off Tuas Road – is up for sale. CBRE, the marketing agent, has set the asking price at approximately $50 million.

The site has an overall land size of 3.7 ha (403,401 sq ft), zoned for Business 2 or heavy industrial use, and has a plot ratio of 1.4. The remaining lease is due to expire in 2041.

Currently, the two storey warehouse facility boasts a gross floor area of around 459,278 sq ft, which encompasses warehouse space (430,000 sq ft) and office space (26,000 sq ft). The plot ratio allowance allows an additional 105,483 sq ft of built-up area, making the warehouse suitable for handling large cargo volumes.

The property has an 8 metre ceiling height and 15 dock levellers to facilitate the loading of 40-foot containers, in addition to 42 container parking lots, a six-tonne cargo lift, and two three-tonne goods hoists.

Its location is well-suited to import and export activities, due to its proximity to the Tuas Mega Port and Tuas Checkpoint. It features dual entrances from Jalan Ahmad Ibrahim and Tuas Avenue 1, which can be accessed via the Ayer Rajah Expressway and the Pan Island Expressway.

CBRE’s head of occupier and leasing, industrial and logistics services, Graeme Bolin, 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.”

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The property is being sold via a public tender, set to close next month.

For those seeking industrial real estate properties, it will be worth considering the latest listings being made available. Recent transactions on Jalan Ahmad Ibrahim has followed an upward trend.