Xin Hwa Warehouse @ Pasir Gudang


 



 

 

Xin Hwa Warehouse @ Pasir Gudang is sitting on 2 contiguous parcels of leasehold industrial land referred to as “PLO 823” & “PLO 828” respectively. The buildings erected on these two plots of land consists of a single-storey detached warehouse, a 3 storey office annex and other ancillary buildings.

The property is located within Kawasan Perindustrian Pasir Gudang, an established industrial area in Johor. The property is also located within the same row of Axis-REIT’s Kerry Warehouse. Due to its proximity to the Pasir Gudang Port and good all-round accessibility coupled with good infrastructures in place, Pasir Gudang has traditionally been a sought-after industrial locality in this part of Johor for medium and heavy industries.

The property is currently occupied by Xin Hwa Trading & Transport Sdn. Bhd., which provides cargo transportation services, container haulage services as well as warehousing and distribution services.

 

PURCHASE PRICE
RM75,000,000

APPRAISED VALUE
RM78,600,000

 

TYPE
Logistics Warehouse

ACQUISITION
DATE

21 October 2021

NUMBER OF
TENANTS

1

LAND AREA
65,672 sq m

NET LETTABLE
AREA

464,613 sq ft

OCCUPANCY RATE
100%

TITLE
Leasehold

LAND TITLE
H.S. (D) 547492 for no. PTD 221668 & H.S.(D) 572483 for no. PTD 233328 in Mukim Plentong, District of Johor Bahru, State of Johor

AGE OF BUILDING
6 to 8 years

ADDRESS
Plot 823 & Plot 828, Jalan Nikel 2, Kawasan Perindustrian Pasir Gudang, 81700 Pasir Gudang, Johor.

MAJOR TENANTS
Xin Hwa Trading & Transport Sdn Bhd