Unfurnished Commercial Property for Sale in Nigeria
There are 3,121 commercial property for sale across Nigeria. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.
Established 90-key hotel located in the Government Reserved Area (GRA), Owerri, Imo State - the city's premier commercial and institutional district. The property occupies approximately 8,000 sqm of commercial land across two plots, held under a long-term title, in close proximity to the State Government House, federal offices, and the Federal University of Technology, Owerri (FUTO). Purpose-built in 2017 and operating under an international hotel brand, the asset comprises 90 well-appointed guest rooms alongside food and beverage outlets, a 300-capacity conference hall and boardroom, and supporting leisure facilities. It is an income-producing, fully operational hotel with an established trading history and a recognised position in the Owerri market. Owerri is the capital of Imo State and a key commercial, administrative, and educational centre in Nigeria's South-East region, supporting steady corporate, government, and institutional demand. Detailed financial and operational information, including trading performance and title documentation, is available to qualified parties on execution of a non-disclosure agreement.
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Premium
7
₦25,000,000
Plaza / complex / mall for sale
Nicely Finished & Well Located Shop / Office Space
Nicely Finished & Well Located Shop / Office Space at Ikota Shopping Complex, by VGC, Lekki-Lagos. Features: - Suitable for shop and office use - Standard size space - Located at the Ikota Shopping Complex, by VGC - Steady electricity supply - Steady water supply - Well managed shopping complex - Suitable for investment purposes - Title: Certificate of Occupancy (C of O) price: N25million For further enquiries/ arrangement for inspection, please contact: Chris: +2348177766115 (Call/ WhatsApp) Gabriel: +2348177766550 (Call/ WhatsApp) Tola: +2348177766008 (Call/ WhatsApp) Bluehedge Realtors - Estate agency and Property marketing - Real estate development and Advisory Tel: +234-8032065685 (Call/ WhatsApp), 08177766110-9 (Call/ WhatsApp) Website: www.bluehedgerealtors.com Email: [email protected] Instagram: bluehedgerealtors
Ikota Shopping Complex, VGC, Lekki, Lagos
Bluehedge Realtors
Premium
2
₦450,000,000
School for sale
A Good Functional School at Ikotun
A good functional school at Ikotun Location: ikotun Alimosho lga, Lagos State. Situated on approximately 1,421sqm in a secure and serene environment, this purpose-built college offers an outstanding investment opportunity for educational institutions and investors. Asking Price: ₦450,000,000 Property Features: 3-Storey Classroom Block 15 Classrooms Library 🩺 Sick Bay 3 Offices Crèche Classroom 2 Computer Rooms 🧪 Chemistry Laboratory ️ Physics Laboratory 🧬 Biology Laboratory ️ Intro-Tech Classroom Art Gallery ️ Kitchen 16 Toilets 2 Bathrooms Walkways & Lobbies Secretary's Office/Reception Block Reception Area Secretary's Office Additional Facilities Spacious Playing Ground * Storage Area a well-designed educational facility with ample space and modern learning amenities, ideal for investors or institutions looking to establish or expand a secondary school in the thriving Alimosho area of Lagos.
Alimosho Lga, Ikotun, Lagos
His Grace Property
Premium
3
₦2,200,000,000
Filling station for sale
Functional and Licensed Filling Station with 12 Pumps of PMS
For sale Functional and Licensed Filling Station with 12 pumps of PMS, ago and DPK with ample space for vehicular navigation Land size: 1,430 SQM Located directly on Lagos Abeokuta Expressway,by Dopemu under bridge, Dopemu Lagos Feature: 45,000 litres PMS underground tanks 30,000 litres tanks each for ago and DPK Supermarket store... Asking Price:#2.2 billion Naira Title: C of O. Bee May D
Lagos Abeokuta Expressway, Dopemu, Agege, Lagos
1430 sqm
Flowtouch Properties
Premium
5
₦3,500,000,000
Commercial property for sale
Rare Development Opportunity Commercial Property
A rare redevelopment opportunity in the heart of Surulere. Prime property on 6,000 sqm Surulere featuring: - 8 Units of 2 Bedroom Flats - 2 Units of 3 Bedroom Duplexes - 21 Additional Rooms Title: C of O Ideal for a luxury residential estate, serviced apartments, mixed use development, boutique hotel, or corporate housing. Sale Price: N3.50 Billion For enquiries and inspection:
Surulere, Lagos
6000 sqm
Wegsy Property
Premium
6
₦2,150,000,000
Plaza / complex / mall for sale
Prime Commercial Property
The property is strategically located in Agungi judt facing Lekki express way by the service lane. Spacious floors Good parking space
Facing the Lekki Express Way Just by the Service Lane, Agungi, Lekki, Lagos
920 sqm
De Uriel's Empire
Premium
6
₦1,100,000,000
Commercial property for sale
Commercial Land with Built Up Structures Measuring 1886 Square Meters
Direct brief for sale. Property description Prime commercial property with built up structures sitting on approximately 1886 square metres of land. Location Sule olusesi road, parallel to Lekki Epe expressway, orchid road. Sales price: 1.1 Billion Naira. Title Document: Governor's Consent and registered survey plan. Note : The property is currently occupied by a tenant
Orchid Road, Lekki Epe Expressway, Lekki, Lagos
1886 sqm
Jide Taiwo and Co - Victoria Island Branch
Premium
1
₦300,000,000
Filling station for sale
Mararaba Functional Filling Station
Exclusive Quick Sale Filling station for sale 1. 6 pump PMS 2. 1 pump ago 3. 1 Pump kerosine 4. 3 underneath tankers PMS 5. 1 underneath tank ago 6. 1 Underneath tank kerosine 7. Function minimart 8. Function office 9. Functional lister gen 10. Land size: 100 x 120 The facility is fully and presently operational Location - Mararaba, Abuja Price Guide - N300 Million Agency - 5% +234 812 280 4830 [email protected] Popular Market You Can Call In To Manage For You -- AirBnB/Shorlet, Rent, Sites & Services, Facility Management, Joint Venture List Your Property with @bambamhomez @bambamhomez #abujabambamhomez #abujarealestate #abujaluxuryhomesu #abujarealtor #hotdeal . . . ~Godspower.com _AbujaVIp_
Mararaba, Abuja
Bambamhomez
Premium
6
₦12,000,000,000
Commercial property for sale
Prime Industrial Property
- Prime Industrial Property, ikeja Location: Ikeja, Lagos a strategically located industrial property suitable for a wide range of business operations. Property Details: Total Land Area: 16,570 sqm Existing Warehouse Space: 9,453.19 sqm Open/Unused Space: 6,951.11 sqm Additional Administrative Block: 437sqm Ideal Uses: Manufacturing/Production Facility Logistics & Distribution Hub Warehousing & Storage Corporate Headquarters Industrial Park FMCG, Pharmaceutical or Engineering Operations * Church Redevelopment This property offers extensive warehouse accommodation, large administrative facilities, and substantial open yard space for vehicles/truck parking, container handling, expansion, or additional development. Asking Price: #12B Title: C of O For enquiries and inspection, contact:
Ikeja, Lagos
16570 sqm
Wegsy Property
Premium
25
₦4,500,000,000
Commercial property for sale
Hotel
CW08760 Hotel in Ikoyi Osborne, Ikoyi, Lagos, Nigeria Asking Price: ₦4,500,000,000 An exceptional hospitality investment opportunity in the prestigious Osborne area of Ikoyi. This fully operational hotel sits on a substantial land parcel and offers extensive accommodation, leisure, and event facilities, making it ideal for hotel operators, institutional investors, and hospitality groups seeking a premium asset in Lagos. Property Overview Land Size: 2,658 sqm Hotel Lettable Space: 3,899 sqm Total Rooms: 49 Room Categories Deluxe Suites Executive Suites Junior Suites Facilities & Amenities Swimming pool Fully equipped gym Restaurant Bar Banquet hall Reception and guest service areas Ample parking space Professional hospitality infrastructure Power Infrastructure 350 kva Generator 500 kva Generator Location: Osborne, Ikoyi, Lagos a rare opportunity to acquire a sizeable hospitality asset in one of Lagos' most prestigious locations, offering strong operational potential and long-term investment value. For more Information, Pricing and Private Viewings Please Contact: Jennifer: +234 704 808 9361 Lilian: 09062511340 Email: [email protected] Website: www.cwlagos.com We are Social! Check out other Fantastic Premium Listings on our Social Media Platforms IG: @cwrelagos Twitter: @cwrelagos Facebook: @cwrealestate
Osborne, Ikoyi, Lagos
C W Real Estate
Premium
8
₦12,000,000,000
Warehouse for sale
Prime Industrial Property
- Prime Industrial Property, ikeja (NEW BRIEF) Location: Henry Carr Street, Ikeja, Lagos a strategically located industrial property suitable for a wide range of business operations. Property Details: Total Land Area: 16,570 sqm Existing Warehouse Space: 9,453.19 sqm Open/Unused Space: 6,951.11 sqm Additional Administrative Block: 437sqm Ideal Uses: Manufacturing/Production Facility Logistics & Distribution Hub Warehousing & Storage Corporate Headquarters Industrial Park FMCG, Pharmaceutical or Engineering Operations * Church Redevelopment Title: C of O Asking Price: N12billion This property offers extensive warehouse accommodation, large administrative facilities, and substantial open yard space for vehicles/truck parking, container handling, expansion, or additional development. For enquiries and inspection, contact: Ayo Subair Ubosi Eleh & Co., Estate Surveyors & Valuers Contact 08054797509/ 08067522103
Henry Carr Street, Ikeja, Lagos
16570 sqm
Ubosi Eleh & Co
ADVERTISEMENT750 × 120
Premium
12
₦22,500,000,000
Office space for sale
2965SQM Corporate Office Building
Premium 8-Floor (excl. ground floor) Office Building located within Victoria Island, Lagos. Features include: Parking lot for 24 cars; 135kva and 80kva power plants; 10,000ltrs Diesel tank; 1 Mitsubishi Elevator; Smoke Detection and Fire Alarm system; Fully Air Conditioned with VRV System; Industrial borehole water storage and treatment plant; 42,000ltrs underground water storage tanks; 4 Restrooms per floor; hse compliant; etc. Sale Price is NGN22,500,000,000 (TWENTY two billion five hundred miliion NAIRA) only. Title is Registered Deed of Assignment. All pricing are as at november 11, 2025 and subject to adjustment. Kindly note: (1) All enquiries could be made between 8:00am -- 7:00pm (Monday -- Friday) and between 8:00am -- 2:00pm (Saturdays); (2) Our offices (including phone-lines) are closed on Sundays; (3) Viewing/inspection is only by appointment; (4) We require 24-Hour (minimum) advance notice for property viewing/inspection; (5) You can also reach us via these channels: [email protected]; +234(0)8059149400; +234(0)8188040221. Best Regards.
Victoria Island (VI), Lagos
24 Parking
2965 sqm
First Colony Real Estate Company LTD
Premium
5
₦300,000,000
Office space for sale
Commercial Building Along the Road Standing in 700SQM
Property for Sale at a Prime Route - Access Bank Building along Saint Finbarrs College Road, Akoka - near UNILAG, Lagos. Land Size: One & Half plots Facing Major Road Available Power Supply 24/7. Access to any Axis in Lagos with Good Road Network. Available clean Water. Secured Parking Spaces. Price: ₦300M slightly Negotiable. Title: Deed of Conveyance Available for Inspection - Serious Buyers only. DM for details if you're interested. Thank you.
Saint Finbarrs Road, Yaba, Lagos
Lambe & Eboigbe Properties
Premium
9
₦5,635,000
Shop for sale
124SQM Commercial Space in a Hotel Apartment Tower
We are pleased to introduce you to Nigeria's Pioneer purpose-built hotel apartments Investment opportunity. Designed strictly for income generation, the project offers investors annual returns on investment through a professionally managed hospitality model. The Premium Tower is a well-planned and fully serviced 27-Storey Iconic Hotel Apartment building designed by international standards of hospitality located along Ozumba Mbadiwe Way, Victoria Island Lagos. Accommodation types: Studio Apartments (Total Area -- 32sqm per apartment) -- 183 Units (Sold Out). 1 Bedroom Apartments (Total Area -- 62sqm per apartment) -- 205 Units. 2 Bedroom Apartments (Total Area -- 92sqm per apartment) -- 159 Units. 3 Bedroom Apartments (Total Area -- 122sqm per apartment) -- 46 Units. Commercial Space -- (Varying Sizes) -- 18 Units. Total number of units -- 611 features include: Private Balconies/Terraces as per unit plan; Premium quality Kitchen; Fully Fitted Kitchen (Microwave, Oven, Cooker, Extractor Hood, Dish-washer, Fridge); Kitchen Cabinets and Countertops; Fully tiled bathrooms and guest toilets (wherever applicable); En-suite bedrooms (as per plan); Premium quality wardrobes; Premium quality Sanitary Wares and Bathrooms; Premium quality fixtures and fittings; Double glazed windows; Shower in each bathroom; facilities/amenities: Infinity pools with panoramic lagoon view; Central Air-Conditioning; Fully equipped modern gym; podium parking with multi-level access; Retail & Commercial outlets for shopping and dining; Dedicated Kids' Play area; 24/7 security; 24/7 international facilities management; Advanced security system; Jogging track (Parkin area); Pet friendly features; Child care facilities; Premium Housekeeping; Conference Centres; High-End shops; Operated by an international hotel brand; 24-Hour Power Supply system; Passenger Elevators; Service Elevator; Restaurant; Conference Rooms; Professionally-run Spa and Wellness Centre; Other commercial and retail units; Satellite Master Antenna and Fibre Optics Internet connection; Dedicated Transformers; Intercom Communication System; Smoke Detection and Fire Prevention System; Water Heaters; Central Water Treatment Plant; Cleaning Services; 288 Car-parks; etc. Floors: Ground Floor -- Concierge; Guest Waiting Area; Meeting Rooms; Car parks. 1st Floor to 3rd Floor -- Ample Podium Car Park. 4th Floor -- Swimming Pool; Commercial spaces; Bar; Gym; Spa and Wellness Area. 5th Floor to 27th Floor -- 1, 2, and 3 Bedroom Apartments. Prices: Studio Apartments -- (Sold Out). 1 Bedroom Apartments -- NGN277,200,000. 2 Bedroom Apartments -- NGN417,200,000. 3 Bedroom Apartments -- NGN592,200,000. Commercial Space -- NGN5,635,000 / Square Meter title: Lagos State Certificate of Occupancy (C of O) and Deed of Sub-lease. Delivery date: Projected date of completion of the entire project is Q4 2029. Past projects by the developer are in uae, Egypt, Kenya, Rwanda, Turkeye, Morocco, etc. Payment plan: Payment plan option available with 20% down payment, while outstanding balance can be spread over 24 months on a milestone basis. All pricing are as at june 11, 2026 and subject to adjustment. Kindly note: (1) All enquiries could be made between 8:00am -- 7:00pm (Monday -- Friday) and between 8:00am -- 2:00pm (Saturdays); (2) Our offices (including phone-lines) are closed on Sundays; (3) Viewing/inspection is only by appointment; (4) We require 2-Hour (minimum) advance notice for property viewing/inspection; (5) You can also reach us via these channels: [email protected]; +234(0)8059149400; +234(0)8188040221. Best Regards.
Victoria Island (VI), Lagos
124 sqm
First Colony Real Estate Company LTD
Premium
14
₦15,000,000
Office space for sale
Mobile Home and Offices
12x3 Lovely portacabin/movable office and homes available for sale. We move all over Lagos. Some units are available for sale currently but we also move all over Lagos to build and install according to your specifications. Also suitable for homes and shops as well, some of these portacabins are made with Styrofoam and mash iron while some others are wrapped with cement to give a different look to suit individual tastes. Other features are; *Fast and easy to build *Very cheap to install(cost about 1/3 of what is needed to build using blocks) *Very cool temperature inside *Movable structures *Easy to raise and dismantle Built to individual specification Different height, width and size 1sitting room, bedroom, kitchen, toilet and storeroom(in the pictures above) Prices are subject to specifications
Now selling 18.58 Sqm Warehouse size shop (frontline upstairs) Location, Utako Ultramodern Market, Utako, Abuja Price: 26m Length = 6.096 Meters (20Feet) Width = 3.048 Meters (10Feet) Size of the shop => 6.096m X 3.048m = 18.58 Sqm
Utako, Abuja
Bomeh Projects & Properties
Premium
25
₦800,000,000
Hotel / guest house for sale
Luxury 36 Rooms Hotel with an Event Hall
A fully functional 36-room hotel with an event hall, located at Ologuneru, Ibadan. Well-maintained and in operation Sold with all existing facilities Spacious event hall for additional income Good road access and accessible location Asking Price: ₦800,000,000 Net Price: ₦700,000,000
Solar Powered Fuel Station with Massive Potential on Offer
Notice: Direct buyer communication only urgent sale Solar‑Powered Filling Station for Sale Oyero / Ijoko Road, Sango Ota, Ogun State DPR Licensed Title- C of O Headline Turnkey petrol station located on a high‑traffic arterial near Iyana Egan, Sango Ota. Solar‑powered operation with DPR licence and Certificate of Occupancy --- ready for immediate acquisition and operation. Ideal for owner‑operators, downstream investors or strategic expansion. Asking: ₦300,000,000. Key facts - Location: Along Oyero / Ijoko Road, near Iyana Egan Road, Sango Ota, Ogun State - Site area: 1,300.312 sqm - Fuel pumps: 5 total --- 3 pumps for PMS (petrol), 1 pump for DPK (diesel), 1 pump for kerosene - Current daily throughput: approx. 1500 - 3000 litres per day (average) and demand variations - Power: Solar‑assisted system (reduces generator run and operating costs) - Title & licences: Valid DPR Licence; Deed of Assignment; Certificate of Occupancy (C of O) - Asking price: ₦300,000,000 - Reason for sale: Owner raising funds for another business venture Property & Asset Highlights - Strategic roadside position with strong vehicular flow and excellent visibility --- convenient for commuter and truck routes between Ogun State and Lagos corridor. - Solar power integration lowers fuel consumption for power generation, reduces operating costs and improves reliability. - Five‑pump configuration provides flexibility to serve petrol, diesel and kerosene customers concurrently. - Ample hard‑standing space for cars and articulated trucks --- easy manoeuvring and refuelling for larger vehicles. - Mini‑mart footprint available for convenience retail / in‑store F&B --- immediate ancillary income opportunity. - Three office rooms ideal for station management, administrative use or leased office space. - Clear potential for expansion --- additional pumps, EV charging points, or expanded retail/fast food offerings (subject to DPR and planning approvals). Operational & financial summary - Current throughput: circa 4,000 L/day (vendor reported). Buyers should request historic sales records, cashbook, pos & bank statements to confirm revenue and margins. - Low operating overheads opportunity thanks to solar power; potential uplift from retail & service expansion and optimized supply agreements. - Seller open to direct investor sale; assets/equipment transfer subject to inventory and sale agreement. Title, licences & compliance - DPR Licence: valid and transferable subject to DPR procedures --- documentation available for inspection. - Title: Deed of Assignment and Certificate of Occupancy (C of O) --- certified copies available on request. - Buyer responsibilities: standard DPR transfer process, fuel supply contract novation (if any), compliance with environmental & safety regulations and any local approvals. Due diligence checklist (recommended) - Verify DPR licence validity and transfer requirements with DPR. - Confirm C of O authenticity, chain of title and any encumbrances. - Review trading records (sales volumes, margins, supplier invoices, operating costs) for at least the last 12 months. - Inspect physical assets: pumps, dispensers, storage tanks, piping, canopy, pos systems, solar system installation and electrical compliance certificates. - Environmental & safety checks: tank integrity, leak detection, fire safety equipment, waste management and any remediation records. - Confirm outstanding liabilities (staff, supplier balances, taxes, levies). - Confirm landlord/land use consents and any local planning restrictions. Sale Inclusions & Exclusions - Inclusions: Station site, permanent fixtures (canopy, installed pumps & dispensers, storage tanks --- subject to verification), solar power installation (as installed), office partitions and permanent retail fit‑out (confirmation required). - Exclusions: Consumable inventory (fuel in stock at handover), third‑party contracts or unrestricted supplier agreements (transfer subject to consent) --- full list to be provided in sale pack. Inspection & sale process - Inspections strictly by appointment with prior proof of funds or corporate introduction. - Serious buyers: request the full information pack (title copies, DPR licence, recent trading statements, equipment lists and photographs). - Preferred sale: direct investor / cash purchase; vendor open to negotiated completion terms once due diligence is satisfactorily concluded. Contact & viewing - Schedule an inspection or request the information pack via WhatsApp: +234 704 974 4444 - Please state your name, company (if applicable), and preferred viewing window when contacting. Why this is compelling now - Fully licensed, income‑generating asset on a busy transport corridor. - Solar power reduces operating dependence on diesel generators and lowers running costs --- strong operational advantage. - Versatile asset with immediate retail income potential and room for service expansion (EV charging, quick‑service food, additional pumps). - Clear, transferable title and DPR licence streamline acquisition and re‑trading potential. 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. Please feel free to browse our other featured properties Ref: Blue Ivy
Oyero Ijoko Road, Sango Ota, Ogun
1300 sqm
The Build Centre Properties
Premium
Verified Photos
10Video
₦350,000,000
Office space for sale
Premium Commercial Office Spaces
Dollar House Sabo, Yaba Position your business where opportunity meets visibility. A premium commercial development in the heart of Yaba, designed for investors and businesses seeking long-term value. 18 SQM Office Spaces --- sold out Available Spaces: 120 SQM Office Space --- ₦190M (₦200M) 240 SQM Office Space --- ₦350M(₦370M) Features & Amenities Elevator Central Power System 24/7 Uniformed Security Ample Parking CCTV Surveillance Fibre-Ready Internet Infrastructure Fire Safety Systems Dedicated Transformer Solar-Powered Systems Demand has already begun. Secure your office space at pre launch pricing before the next price increase. For enquiries and inspections, call or WhatsApp: 07074866634 09048779052
Commercial shops and office spaces for sale inside spring meadow estate, apo Own a premium commercial shop and Office Space in a fast-growing estate with excellent investment potential. Available units & prices: - Ground Floor: 35 Million - First Floor: 33 Million - Second Floor: 30 Million Property Features: - Size: 25sqm each - Private Toilet: Private Toilet in Each Unit. Location: Spring Meadow Estate, Before Apo Primary School, Apo, Abuja, Nigeria. For Enquiries or Inspection Please Contact: Goldmind Global Homes Nig Ltd, Suite C10, 2nd Floor, Broadway Mall, Behind Kaura Market, Opposite Prince And Princess Estate (2nd Gate), Abuja -- Nigeria. or Call/Whatsapp: 07055558560. 07064844447. Note: Site inspection is strictly on appointment. Goldmind Global Homes Nig Ltd Specialise basically on real estate development, Buying, selling and renting of Property, Property management, building/construction works, estate valuers & brokers, site supervision, Architect and project management. (F1.M1.JUL.26)
Spring Meadow Estate, Apo, Abuja
1 Baths
1 Toilets
21 Parking
25 sqm
Goldmind Global Homes Nig LTD
Premium
2
₦20,000,000
Shop for sale
6 Units of Shops
6 Units of shops for sale -- Mahs Home Estate, lugbe Own a shop in a fast-growing estate with excellent investment potential. Property Details: - 6 Units of Shops Available - Size: 30 sqm per shop - Price: ₦20 Million per shop (Negotiable) location: Mahs Home Estate, Lugbe, Opposite Dunamis Church, Abuja, Nigeria. For Enquiries or Inspection Please Contact: Goldmind Global Homes Nig Ltd, Suite C10, 2nd Floor, Broadway Mall, Behind Kaura Market, Opposite Prince And Princess Estate (2nd Gate), Abuja -- Nigeria. or Call/Whatsapp: 07055558560. 07064844447. Note: Site inspection is strictly on appointment. Goldmind Global Homes Nig Ltd Specialise basically on real estate development, Buying, selling and renting of Property, Property management, building/construction works, estate valuers & brokers, site supervision, Architect and project management. (F1.M1.JUL.26)
Mahs Home Estate, Lugbe District, Abuja
1 Baths
1 Toilets
1 Parking
30 sqm
Goldmind Global Homes Nig LTD
Showing 101–121 of 3,121 properties
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There are 3,121 available furnished commercial property for sale in Nigeria. You can view and filter the list of property by price, furnishing and recency.