Menara Axis is a commercial office tower with showrooms located in the Seksyen 51A central business district of Petaling Jaya. The building is situated just off the Federal Highway at the intersection of Jalan Utara and Jalan Barat. Other prominent landmarks like Crystal Plaza, Armada Hotel, Tun Hussein Onn Eye Hospital, Hilton Hotel, Wisma MCIS Zurich surround Menara Axis. The tenants at Menara Axis include various multinational companies and prominent businesses like DHL, Philips (M), Fuji Film and Sporthathlon which operates Fitness First fitness centre. Menara Axis was aquired by Axis-REIT, a real-estate investment trust in 2004 on leasehold land area of over 59,000 sf. The lease expires in August 2065. The office units are stretched out over 14 floors covering a lettable area of over 174,000 sf. The ground floor area is used as a showroom. Categorized as an A Grade office building, Menara Axis has an appraised value of over RM93,000,000. Menara Axis is easily accessed by Federal Highway which links to Lebuhraya Damansara – Puchong not too far off. Bus and taxi stops in front of the building provide ample public transport alongside the RapidKL Asia Jaya LRT station.
Property Details Name: Menara Axis Address: Jalan 51A/223, 46100 Petaling Jaya, Selangor Completion Date: 2002 Tenure: Leasehold Type: Office Tower No. of Storey: 15 Land Area: 59,725 sf Net Lettable Area: 174,025 sf Rental:
Facilities 246 covered parking bays Flexible 6 zones air-cooled air-cond system 4-passenger high speed lifts. Fibre-optic ready Underfloor trunking for data and telecommunication and electricity 24-hours security with CCTV monitoring Food court
AnalysisAs a business or commercial centre, Menara Axis is located in a strategic and prominent area. Sharing the vicinity of hotels like Hilton Hotel and Armada Hotel, which caters heavily to business travelers, Menara Axis is notable for its multinational tenants and corporations that take up sizeable units in the building. Menara Axis is also the pick-up and drop-off point for the Aeroline Coach bus due to its central location. Across from the building is the RapidKL Asia Jaya LRT station, a further convenience to workers who prefer not to drive. The building of Menara Axis is equipped with fibre-optic cables and underfloor trunking. 24hrs security and CCTV monitoring is provided including 4 high-speed passenger lifts. There are 246 covered parking bays and a handful of perimeter parking lots. The road into the building is very busy and heavily used as it leads into many other office buildings and industrial areas of Seksyen 51a. Nevertheless, rental at Menara Axis is at the competitive rate of RM4.50 psf similar to its neighbor, Crystal Plaza also acquired by Axis-REIT. Currently, the building is 100% occupied.