Tampines Industrial Avenue 3 Building Sale 380 Mil
A six-storey industrial building located at 10 Tampines Industrial Avenue 3 is currently on the market for sale through a private treaty. The building is expected to fetch a price of around $380 million and sits on a generous land area of approximately 998,330 square feet. It offers a total gross floor area of 1.91 million square feet and has a remaining land tenure of 34 years, according to Cushman & Wakefield, the exclusive marketing agent for the property.
Aside from its prime location and large land size, the building also has an unused plot ratio that presents potential for future owners to further maximize the land’s potential. Brenda Ong, the executive director for logistics and industrial markets at Cushman & Wakefield, points out that the property is well-maintained and has a cleanroom that is ready for immediate use. This feature would be particularly attractive to companies in the semiconductor, wafer fabrication, and electronics industries.
The building is situated within one of Singapore’s four wafer fabrication parks, with the others located in Pasir Ris, Woodlands, and the North Coast. It also boasts impressive amenities such as a dual-source 50 megavolt-amperes incoming power supply, water supply for constant cooling, and multiple loading bays. Additionally, the property comes with an ancillary office that adds to its value.
Ong emphasizes that the building is a trophy asset that offers an appealing plug-and-play solution for businesses looking to reduce upfront costs and minimize downtime caused by construction and regulatory approval processes. Interested parties can refer to EdgeProp Landlens for a map of the property’s location.
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For those looking to invest in industrial real estate, you can use Ask Buddy to get the latest listings and compare price trends for both rental and sale transactions. It also provides a comprehensive list of past industrial rental and sale transactions for your reference.
Don’t miss out on this opportunity to acquire a premium industrial property. Contact Cushman & Wakefield to learn more about this property and other industrial real estate options available.