For sale
Cold Storage
DH-100007
Cold storage warehouse, Port Klang
◍ Port Klang
36,000 sq ft with 4,200 pallet positions, let to a 3PL operator until 2031.
36,000 sq ftBuilt-up
5.1%Gross yield
6.1 yearsWAULT
LeaseholdTenure
About this property
A purpose-built temperature-controlled facility eight minutes from Northport, let to a regional third-party logistics operator on a sale-and-leaseback running to 2031 with a fixed 3.5% annual step-up. Six dock levellers, 12 m clear height, 4,200 pallet positions across chilled and frozen chambers, and full backup power. Institutional-grade income with a single covenant and no capex programme outstanding.
Property details
Price
- Asking price / rent
- RM 41,000,000
- Price psf
- RM 1,138.89 psf
Size
- Built-up area
- 36,000 sq ft
- Land area
- 78,000 sq ft
- Car parks
- 18 bays
Title & tenure
- Tenure
- Leasehold, expiring 2069
- Land title
- Industrial title
- Title status
- Individual title
Income
- Passing rent psf
- RM 4.8 psf/mo
- Market rent psf
- RM 5.1 psf/mo
- Annual rent
- RM 2,073,600
- Net operating income
- RM 1,453,600
- Gross yield
- 5.1%
- Net yield
- 3.6%
Tenancy
- Occupancy
- Tenanted
- WAULT
- 6.1 years to expiry · 4.1 years to break
- Number of tenants
- 1 tenant
- Anchor tenant
- Regional 3PL operator
- Lease expiry profile
- 0% in 12 mo · 0% in 24 mo · 0% in 36 mo
- Rent review & escalation
- Fixed step-up · 3.5%
Building
- Year completed
- 2019
- Power / loading / ceiling height
- 3-phase, 1,500 A · 400 psf floor loading · 12 m ceiling · 6 dock levellers
Features
- Dock leveller
- 40ft container access
- Direct highway access
- 24-hour security
- Backup generator
- Sprinkler system
- Sold with tenancy
Location
Approximate location only. The property sits somewhere within this circle — the exact address is held by Meridian Property Partners and released to interested buyers directly.