For lease- watch video above
premium warehouse space for lease ---
14,000 sqm (2 bays: 9,000 sqm & 5,000 sqm) ---
lufuwape (after redeem, before danco fs), lagos--ibadan expressway
₦45,000/sqm -
min. 2‑year lease
price & lease terms
- rent rate: ₦45,000 per sqm per annum (rate quoted for the lease).
- lease term: minimum 2 years.
- pricing examples (at ₦45,000/sqm):
- 9,000 sqm bay: ₦405,000,000 per year --- ₦810,000,000 for 2 years
- 5,000 sqm bay: ₦225,000,000 per year --- ₦450,000,000 for 2 years
- entire site (14,000 sqm): ₦630,000,000 per year --- ₦1,260,000,000 for 2 years
location & accessibility
- location: lufuwape, along the lagos--ibadan expressway (after redeem, before danco filling station).
- strategic frontage on a major arterial route serving lagos and the western industrial corridor --- excellent for distribution, logistics and manufacturing operations.
- quick access to key transport links and arterial roads for onward haulage.
property summary
- total available area: 14,000 sqm, offered as two separate bays: 9,000 sqm and 5,000 sqm.
- ideal uses: warehousing, distribution hub, cold‑store conversion, light manufacturing, logistics yard or last‑mile fulfilment centre.
- availability: immediate lease --- suitable for occupiers seeking fast mobilisation on the lagos--ibadan corridor.
key benefits & features
- large contiguous bay options to suit single‑tenant or multi‑tenant occupation.
- prime expressway location providing high accessibility and efficient haulage to/from lagos and surrounding states.
- flexible lease sizing --- tenants may lease either bay individually or the entire 14,000 sqm.
- high commercial visibility and strategic positioning for last‑mile distribution or regional storage requirements.
- competitive leasing rate for the corridor with a short minimum lease commitment to support rapid occupancy.
suitability & tenant profile
- logistics & distribution operators requiring expressway access and large bay capacity.
- fmcg, wholesale and retail chains needing regional consolidation space.
- light manufacturing or assembly operations seeking proximity to lagos markets.
- third‑party logistics (3pl) providers and import/export trading houses.
documentation & due diligence
- site particulars, survey plan and lease terms will be provided to qualified prospective tenants.
- prospective tenants will be required to provide proof of funds or corporate credentials to receive full documentation and arrange a site inspection.
- standard lease requirements: security deposit, reference documentation, and mutual execution of lease agreement.
viewing & transaction process
- viewings and site inspections by appointment only.
- to progress: submit an expression of interest with proof of funds or corporate profile; shortlisted parties will receive lease documentation and be invited for site walk‑through.
- lease offers to be concluded with heads of terms, payment of deposit and execution of a formal lease agreement.
additional notes
- all information provided is indicative and subject to verification. prospective tenants are advised to carry out independent technical, legal and commercial due diligence prior to commitment.
- specific operational fit‑out requirements (mezzanine, racking, sprinkler systems, office fit‑out, power upgrades) can be discussed and incorporated into the lease negotiations where applicable.
ref: w...
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