Fully Tenanted Warehouse |Investment Opportunity

Prime Capital Real Estate presents a recently refurbished industrial asset with a favourable design suitable for storage and distribution. The subject property is located in National Industries Park, Jabel Ali and is available for sale.

Size - Plot size: 165,027.32 sq ft & Current Built Up Area: 75,025.32 sq ft
Price: AED 37 million (negotiable)
Location: National Industries Park, Jabel Ali, Dubai, U.A.E.

Leasehold Term: 20 years (renewable for another 35+35 years).
Remaining Term: 15 years are remaining on the contract.
Age of Facility: The facility is 4 years old as of March 2024.

Tenancy Details:

Rental amounts for tenants in Linus Facility (TP010219) in NIP as per executed sub-lease contracts:

Tenant 1: Tenant A (FY 2025) - AED 1,168,513.14 (9 years remaining)
Tenant 2: Tenant B (FY 2025) - AED 1,832,700.00 (10 years remaining)
Tenant 3: Tenant C (FY 2025) - AED 324,973.32 (4 years remaining, under renewal with increase)

Total Rental (FY 2025) - AED 3,326,186.46 (5% increase built in as annual increase).

Facility is near brand-new with little-to-no wear and tear. State-of-the-art construction and maintenance is clearly visible.

Specification:

•Plot size: 15,331.54 sq. m/ 165,027.32sq ft
•Current Built Up Area: 6,970.08 sq m / 75,025.32 sq ft
•Additional built up area of 4,000 sq ft office space to be completed by Jan 2025. Potential to increase rental income by 180,000 AED per annum
•Proposed plan of a further 35,000 sq ft of warehouse to be built at the cost of the new owner approx. cost 2.5m AED.
•Potential to increase income from tenant 3 by more than 50%. (reduced rental for existing owner/tenant)
•Firefighting system installed
•Solar Panels (475 kilo watts)
•JAFZA yearly rental 650,000 AED

About Us:

Prime Capital is Dubai’s boutique real estate brokerage house, with the management having a combined experience of more than 40 years of Real estate in Dubai. We deliver service that provides integrity, professionalism and peace of mind to our clients.

Property details

Property Type

Warehouse

Property Size

165,027 sqft / 15,332 sqm

Bathrooms

Property age