Citilink Warehouse Complex is offering a portfolio of 62 industrial units for $103M
There is an EOI for a portfolio of 62 freehold strata industrial units in the Citilink Warehouse Complex in Pasir Panjang. The suggested selling price for the portfolio is $103 million.
The 947-2,885 square foot stratum apartments may be found in Block 102E. Their total stratum area is about 103,301 square feet. According to the exclusive marketing agency, Cushman & Wakefield, all of the apartments are currently occupied by renters. The portfolio accounts for around 34% of the total development.
The Pasir Panjang MRT Station on the Continuums Line is within 500 meters of the property, and it is also easily accessible through the nearby Ayer Rajah Motorway, West Coast Motorway, Keppel Viaduct, Marina Coastal Motorway, and East Coast Parkway. Connectivity to the ports is also provided by its location across the street from the PSA Pasir Panjang Terminals of The Continuum Floor Plan.
Near the PSA Pasir Panjang Terminals, the Pasir Panjang MRT Station, and Mapletree Business City, this freehold strata industrial property is in a prime location. According to Shaun Poh, executive director of capital markets at Cushman & Wakefield, “This presents an exceptional opportunity for investors as well as end-users seeking large industrial space in close proximity to the ports and is centrally located.”
Poh notes that the closeness of the Citilink Warehouse Complex to the planned Greater Southern Waterfront is also a plus. The buyer also has the option of selling the investment in a single transaction or breaking it up into smaller parcels, he says.
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