Before Sagamu Inter-change, Sagamu, Ogun
₦40,000 per square meter / per annum
| Property Ref: 3120648 | Added On: 29 Sep 2025 | Last Updated: 29 Sep 2025 |
| Market Status: Available | Type: Warehouse | Total Area: 5,000 sqm |
Listing title
To Let ---
5,000 m Warehouse ---
Lagos--Ibadan Expressway (Before Sagamu Interchange)
40,000 / m p.a. (net)
OverviewHighprofile logistics/industrial unit available for lease on the Lagos--Ibadan Expressway, just before the Sagamu interchange. This 5,000 m clearspan warehouse is well suited to distribution, 3PL, bulk storage, light manufacturing or coldchain conversion (subject to fitout). Excellent road frontage and proximity to major transport nodes make this an ideal location for occupiers targeting efficient movement between Lagos and the Southwest corridor.
Property summary
- Location: Lagos--Ibadan Expressway (before Sagamu Interchange) --- prime highway frontage
- Size: 5,000 m (single clear internal floorplate)
- Rent: 40,000 per m per annum (net) --- equivalent to 200,000,000 p.a. (exclusive of utilities, VAT and service charges as applicable)
- Availability: Immediate (subject to lease agreement and tenant prequalification)
- Lease term: Flexible; typical minimum 3 years recommended (longer terms negotiable)
Key features (to be confirmed on inspection)
- Large clear internal area suitable for racking, pallet storage and light assembly
- Multiple loading bays / roller shutter doors and level access for truck operations (confirm number & dimensions on viewing)
- Generous external yard for truck circulation, container stacking and parking
- Onsite or adjacent office/admin block (specify if required)
- Perimeter fencing and gated access for security; CCTV and security arrangements negotiable
- Utilities: mains power (tenant to confirm backup generator requirements), water and telecom connectivity available
Suitability / ideal uses
- Thirdparty logistics (3PL) and ecommerce fulfilment centres
- FMCG / wholesale distribution and bulk storage
- Light manufacturing or assembly with warehousing
- Coldchain / refrigerated warehousing (subject to retrofit)
- Owneroccupier logistics base or multitenant industrial park
Indicative lease terms & costs (negotiable)
- Rent: 40,000/m p.a. (net) --- payable per agreed schedule (annual/quarterly).
- Security deposit: customary deposit and advance rent required (negotiable).
- Fitout: Tenant fitout permitted subject to landlord consent; landlord incentives may be discussed for longer leases.
- Service charges / utilities: Tenant to pay utilities and any agreed service charges; specifics to be confirmed in lease.
Technical checks & prelease requirements (recommended)
- Confirm internal clear height, floor loading capacity and measured bay dimensions to ensure racking suitability.
- Verify number and size of loading doors and gate widths for vehicle access.
- Check power capacity and plan for standby generator if required.
- Review fire safety provisions, drainage and site surface condition.
- Request measured floorplans, photos and recent technical reports prior to viewing.
Viewings & application process
- Viewings: By appointment only for prequalified prospective tenants. Please submit company RC, intended use and financial references prior to inspection.
- To apply: Provide an Expression of Interest with basic tenant profile and proof of funds/bank reference. Certified technical pack and site inspection will follow qualification.
ContactFor the full specification, to request measured plans or to arrange a private inspection, contact:[Agent / Landlord name --- insert contact details]
Notes: All particulars are provided in good faith and should be independently verified. Rent and availability are subject to change; final terms will be set out in a formal lease agreement.
Ref: Nnedu
