69 industrial units at Kaki Bukit for sale from $37.5 mil

A portfolio of 69 strata industrial units at the Ruby Warehouse Complex has been put up for sale by public tender. According to marketing agent CBRE, the guide price for all the units combined is between $37.5 million and $38.8 million, which works out to an average price of $280 to $290 psf based on the combined strata area of 133,892 sq ft.

Ruby Warehouse Complex is a four-storey industrial warehouse complex on Kaki Bukit Road 2. It has a lease of 25 years left. The portfolio comprises 36 strata units on the ground floor, with an area of 63,248 sq ft, and 33 units spread across levels two to four. The 33 units have a combined strata area of 70,643 sq ft.

According to CBRE, the units are 100% tenanted and offered for sale with existing tenancies. The tender closes on Oct 6.

Ruby Warehouse Complex is a four-storey industrial warehouse complex on Kaki Bukit Road 2.

Source: CBRE

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