Lagos Badagry Expressway, Okokomaiko, Ojo, Lagos
₦19,000,000,000
| Property Ref: 3112570 | Added On: 24 Sep 2025 | Last Updated: 28 Sep 2025 |
| Market Status: Available | Type: Land |
Listing title
For Sale --- 50 Acres with 4Bay Warehouse (Corner Parcel) ---
LagosBadagry Expressway, Okoko (After LASU)
CofO (Alausa)
19,000,000,000
Overview
Outstanding semidirect opportunity to acquire a strategic 50acre development and logistics site directly fronting the LagosBadagry Expressway at Okoko (just after LASU main campus by IgboElerin). The land is dry, level and fully fenced, and includes an existing 4bay warehouse --- making it an ideal acquisition for logistics & distribution, industrial park, largeformat retail, institutional campus (church, school), corporate HQ or mixeduse commercial development. The parcel benefits from high visibility, excellent road connectivity and a strong commercial landuse designation.
Quick facts
- Site area: 50 acres (approx. 202,343 sqm)
- Location: Okoko, LagosBadagry Expressway (After LASU / by IgboElerin), Ojo LGA, Lagos State
- Title: Certificate of Occupancy (CofO) --- registered at Alausa Lands Registry, Ikeja (copies available to qualified buyers)
- Land use: Commercial (suitable for institutional, industrial, logistics, retail or mixed uses subject to planning)
- Asking price: 19,000,000,000 (Nineteen billion Naira) --- semidirect; serious offers invited
- Existing asset: 4bay warehouse (good condition --- details & inspection on request)
- Parcel: Corner piece with direct expressway frontage, dry & level (table) land, fully fenced
Key highlights & strategic advantages
- Prime expressway frontage: Exceptional visibility to passing traffic and easy truck access for logistics operators --- immediate advantage for distribution or retail anchors.
- Large, contiguous scale: 50 acres provides rare scale close to Lagos --- ideal for developers seeking masterplan flexibility (industrial estate, logistic hub, institutional campus or mixed commercial scheme).
- Existing warehouse: 4bay warehouse provides instant operational capacity or interim leasing income while master planning or permitting progresses.
- Fully fenced, dry and level ground reduces initial site preparation costs and accelerates mobilisation.
- Strong transport links: Direct access to LagosBadagry Expressway facilitates lastmile distribution, connection to port corridors and access to western Lagos communities.
- Commercial zoning: Land use designated for commercial purposes --- supports a wide range of highvalue end uses (confirm scope with planning authority).
Suitable uses & development concepts
- Logistics & distribution hub, warehousing & lastmile fulfilment centre
- Industrial park for light manufacturing, assembly or coldchain operations
- Largeformat retail / wholesale market or hypermarket park adjacent to expressway traffic
- Institutional development: large-scale church campus, private school, training academy or conference & events campus
- Corporate campus, exhibition centre or mixeduse commercial precinct with office, retail and service yards
- Truck park, cargo consolidation yard or integrated logistics facility (subject to planning)
Site & infrastructure notes
- Road access: Direct expressway frontage with potential for multiple access points (to be confirmed with highways authority)
- Ground condition: Dry and table land --- minimal earthworks anticipated; buyer to confirm with geotechnical survey.
- Perimeter: Fully fenced for security and immediate control of the site.
- Onsite building: Existing 4bay warehouse --- structural and MEP condition can be inspected and certified on request.
- Utilities: Proximity to local power and water networks; connections and capacity to be verified during due diligence.
Investment & commercial appeal
- Scale and frontage scarcity: Parcels of this size with expressway frontage in Lagos are rare --- high strategic value for institutional investors and operators.
- Multiple exit strategies: hold/lease as logistics hub, phased development, sale of serviced plots, or repositioning to highervalue mixed use.
- Income potential: immediate rental or contract logistics income via the existing warehouse while longerterm masterplanning proceeds.
Recommended due diligence checklist
- Certified copy of CofO and title search (solicitor to verify chain of ownership and encumbrances).
- Certified site survey and plot coordinates; boundary verification on site.
- Geotechnical and groundconditions survey to determine foundation and drainage requirements.
- Environmental assessment (EIA screening) and flood risk review.
- Utilities audit: confirm power, water, drainage and telecoms availability and upgrade costs.
- Planning & zoning confirmation with Lagos State planning authority (permissible uses, setbacks, building height and parking requirements).
- Traffic/ access study and coordination with highway authority for expressway access points.
- Structural and MEP condition survey of the existing 4bay warehouse.
- Outstanding rates, taxes or statutory levies check and verification of any thirdparty rights.
Transaction process & viewing
- Sale type: Semidirect --- owner prefers direct engagement with qualified buyers. Agent introductions accepted by prior arrangement.
- Viewing: By appointment only for prequalified parties --- proof of funds required before full document release and site access.
- Process: Submit LOI with proof of funds; on qualification, buyer will be provided certified title documents and invited for site inspection. Heads of Terms and solicitorled conveyancing will follow successful offer.
- Facilitator / agency fees: To be agreed and documented in Heads of Terms.
Target buyers
- Logistics & warehousing operators, thirdparty logistics (3PL) companies
- Institutional developers, industrial park operators and large retail chains
- Religious institutions and educational groups seeking campus site
- Property funds, pension funds and strategic landbank investors
Why act now
Large, serviceable landholdings with direct expressway frontage and existing warehousing in the LagosBadagry corridor are increasingly scarce. This site provides immediate operational options plus longterm strategic development upside in one of Nigeria's most dynamic growth corridors.
Serious prequalified buyers only. All information is provided in good faith and should be independently verified. Price and availability are subject to prior sale and negotiation.
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.
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