Bukit Raja Distribution Centre 2


 



 

 

Bukit Raja Distribution Centre 2 is a freehold industrial property comprising of a single-storey detached warehouse building, 2 single-storey detached factory buildings, a single-storey detached store together with a 3-storey office and other ancillary buildings.

The property is located along Jalan Keluli Satu within Kawasan Perindustrian Bukit Raja Selatan which is one of the established industrial areas in Shah Alam. Other notable landmarks surrounding the property included Central I-City, Bukit Raja Distribution Centre, Hospital Shah Alam and Universiti Technology Mara Shah Alam (UiTM).

On 20 January 2022, Axis-REIT entered into an agreement to lease the upcoming development of Bukit Raja Distribution Centre 2; a 620,096 sq. ft. warehouse facility to Shopee Express. The project involves the redevelopment of Bukit Raja Distribution Centre 2 as a warehouse. In return, Shopee Express will lease the property for 15 years. The project is expected to commence in the first quarter of 2022, with completion and handover to Shopee Express not later than 31 August 2023.

 

PURCHASE PRICE
RM120,000,000

APPRAISED VALUE
RM122,000,000

 

TYPE
Manufacturing Facilities

ACQUISITION
DATE

31 March 2021

NUMBER OF
TENANTS

1

LAND AREA
904,061 sq ft
[83,990 sq m]

NET LETTABLE
AREA

326,231 sq ft

OCCUPANCY RATE
0.00%

TITLE
Freehold

LAND TITLE
GERAN 77167 for Lot 35931, Mukim Kapar, District of Klang, State of Selangor.

AGE OF BUILDING
23 years

ADDRESS
No 3, Jalan Keluli Satu, Kawasan Perindustrian Bukit Raja Selatan, 40000 Shah Alam, Selangor.

MAJOR TENANTS
-