Prime 3000sqm Warehouse

FOR LEASE- WATCH VIDEO ABOVE

Prime 3,000 sqm Warehouse for Lease ---
Warewa (Lagos--Ibadan Expressway, Before Long Bridge after Arepo Bus Stop)
₦30,000 / sqm

Quick summary

- Location: Warewa --- along Lagos--Ibadan Expressway (coming to Lagos), before the long bridge and after Arepo Bus Stop
- Size: 3,000 sqm (contiguous)
- Lease rate: ₦30,000 per sqm per annum
- Availability: Immediate (suitable for logistics, distribution, light industrial, 3PL, FMCG storage)
- Other statutory payments: Agency 10% - Legal 10% - Caution 10% (see examples below)

Annual rent & indicative costs (examples)

- Annual rent: 3,000 sqm × ₦30,000/sqm = ₦90,000,000 per year
- Agency fee (10%): ₦9,000,000
- Legal fee (10%): ₦9,000,000
- Caution (security deposit) (10%): ₦9,000,000
- Example total due on commencement (first year + fees/deposit): ₦117,000,000 (excluding VAT and any agreed fit‑out costs or utility connection fees)

Location & accessibility

- Prime expressway frontage on the Lagos--Ibadan corridor providing excellent haulage access to Lagos, Ogun and western-route markets.
- Positioned before the long bridge after Arepo Bus Stop --- easy in/out for articulated trucks and distribution fleets.
- High visibility and convenient for last‑mile distribution to Lagos metropolitan areas.

Property highlights & suitability

- Large contiguous floorplate (3,000 sqm) ideal for warehousing, regional distribution, cold chain conversion (subject to tenant fit‑out), light manufacturing, assembly or logistics hub.
- Suitable for single‑tenant occupation or multi‑bay configuration depending on tenant requirements (subject to landlord approval).
- Generous external yard/forecourt potential for loading/unloading and vehicle movement (site inspection will confirm exact yard layout).
- Quick mobilisation potential for tenants seeking immediate operational space on the expressway.

Services, fit‑out & technical notes

- Standard industrial utility connections to be confirmed at inspection (power, water and drainage). Tenant fit‑out requirements (racking, mezzanine, sprinklers, AC, office fit‑out) can be negotiated and implemented prior to occupation subject to lease terms.
- Structural and fire‑safety compliance checks recommended before handover; landlord supportive of reasonable fit‑out approvals.

Lease terms & commercial conditions

- Lease rate: ₦30,000/sqm/annum (as quoted) --- subject to formal offer and contract.
- Lease term: Negotiable (typical industrial leases 2+ years) --- landlord open to medium/long term arrangements for qualified tenants.
- Statutory fees: Agency 10%, Legal 10%, Caution 10% (as indicated) --- payable as part of commencement costs; VAT may apply where relevant.
- Maintenance & utilities: Tenant responsible for internal fit‑out and utility consumption; external common area maintenance and security responsibilities to be agreed in the lease.

Due diligence & viewing process

- Site inspections strictly by appointment. Prospective tenants to provide corporate profile and proof of funds or bank reference for site booking.
- On inspection, landlord will provide site plan, boundary verification and any available structural/technical information.
- Formal lease offer will be progressed on receipt of deposit and execution of heads of terms, followed by legal documentation.

Recommended tenant profile

- National/regional logistics & distribution companies
- FMCG wholesalers and importers requiring expressway access
- 3PL operators, light manufacturers and fulfilment providers

Next steps

- To schedule a site inspection or request the site plan and formal leasing terms, submit an expression of interest with proof of funds or a bank reference. Qualified parties will be issued with the full data pack and invited for an on‑site walkthrough.

Note
All figures and details provided are indicative and subject to verification. Prospective tenants must undertake independent technical, legal and commercial due diligence. Lease offers and availability are subject to contract.

Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
*PLEASE FEEL FREE TO BROWSE OUR OTHER FEATURED PROPERTIES
Referrals & Third Party Agents: 2.5%-Comm
Ref: Nnedu