Seberang Prai Logistics Warehouse 3


 



 

 

The property is a strategically located logistics facility, 100% occupied by Schenker Logistics, a major global logistic player. It comprises a 1 1/2-storey warehouse and a 3-storey office building and has been fully occupied by Schenker Logistics for more than 10 years.

The property is part of the Bukit Tengah Industrial Park in Seberang Prai and provides easy access to the North South Expressway, being close to the Juru Auto City (1.5 kilometres) and the Bukit Mertajam town centre (3.5 kilometres). The facility is ideally located for logistic operations with its excellent location fronting Jalan Bukit Tengah and at a short distance of approximately 8 kilometres from the Penang Bridge interchange.

 

PURCHASE PRICE
RM59,000,000

APPRAISED VALUE
RM66,000,000

 

TYPE
Warehouse Logistic

ACQUISITION
DATE

15 February 2012

NUMBER OF
TENANTS

1

LAND AREA
598,452 sq ft
[55,598 sq m]

NET LETTABLE
AREA

395,225 sq ft
[36,717 sq m]

AVERAGE OCCUPANCY
100%

TITLE
Leasehold interest for 60 years
expiring 22 Oct 2052 (1st Land)
& 19 May 2068 (2nd Land)

AGE OF BUILDING
16 years

ADDRESS
No. 74, Lorong Perusahaan Utama 4,
Bukit Tengah Industrial Park
14000 Bukit Mertajam, Penang

MAJOR TENANTS
Schenker Logistics
(M) Sdn Bhd