Axis Shah Alam Distribution Centre 5


 



 

 

Axis Shah Alam Distribution Centre 5 comprises of two single-storey warehouses and a double-storey office annex as well as other ancillary buildings. It was renovated and upgraded in 2016 and is currently occupied by One Total Logistics (M) Sdn. Bhd., a company engaged in providing heavy transportation, freight forwarding and other related services.

Set within the prime industrial neighbourhood of Seksyen 15 Shah Alam, it is located approximately 20 kilometres to the south-west of the Petaling Jaya town centre and about 3 kilometres to the south-east of Shah Alam town centre. The property is strategically placed with connectivity to the Federal Highway, Shah Alam Expressway (KESAS) and the Kemuning –Shah Alam Highway (LKSA).

Due to its strategic location in proximity to Port Klang and good all-round accessibility coupled with the advantage of good infrastructure, Section 15 has become an attractive locality for medium and heavy industries. Some of these companies include UMW Corporation, Karangkraf Media Group, Toyota Service Centre, Scientex Berhad, UMW Holdings, PKT Logistics Sdn Bhd, Kangaroo Worldwide Express and LF Asia (Malaysia) Sdn Bhd. In terms of amenities, the neighbourhood boasts a decent selection of banks, restaurants, cafes, convenience stores, and mechanic shops within walking distance from the property.

 

PURCHASE PRICE
RM95,000,000

APPRAISED VALUE
RM95,000,000

 

TYPE
Logistics Warehouse

ACQUISITION
DATE

10 November 2020

NUMBER OF
TENANTS

1

LAND AREA
453,500 sq ft
[42,130 sq m]

NET LETTABLE
AREA

285,249 sq ft

OCCUPANCY RATE
100%

TITLE
Leasehold

LAND TITLE
H.S.(D) 172525, PT Lot No. 156 Town of Shah Alam, District of Petaling, State of Selangor.

AGE OF BUILDING
31 years (Refurbished in 2016)

ADDRESS
Lot 45 (177) Jalan Utas 15/7, Seksyen 15, 40200 Shah Alam, Selangor.

MAJOR TENANTS
One Total Logistics (M) Sdn Bhd