Landlord Name
Lekki Industrial Properties
Tenant Name
LogiPro Nigeria
Property Address
Block C, Lekki Industrial Zone, Lekki Phase 1, Lagos
Lease Start Date
2026-06-01
Lease End Date
2031-05-31
Lease Term
5 years
Base Rent
₦8,000,000/year
Rent Escalation
12% annually
Security Deposit
₦4,000,000
CAM Charges
₦1,200,000/year
Assignment Clause
Not permitted without landlord approval
Termination Clause
12 months written notice + penalty
Renewal Option
No renewal option specified
Operating Expenses
Tenant pays 100% of utilities and maintenance