Cold Storage and Warehouse Facility

Industrial for Sale
Catylist Listing ID: 30771413
Property Subtypes: Cold Storage, Food Processing, Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution, Other
Building Size (RSF): 57,500 SF
Gross Land Area: 40 Acres
Sale Price: $3,700,000
Unit Price: $64.35 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/13/2024

Overview / Comments

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One of a kind property with +/- 57,000 SF of cold storage and warehouse space comprised of 3 buildings which includes +/- 30,000 SF of freezer space, +/- 6,000 SF of cooler space and +/- 21,500 SF of warehouse storage. Also, includes a +/- 6,000 SF equipment shed, a +/- 3,600 SF barn and a +/- 11,000 SF building previously used as a condo. Situated on +/- 40 acres in the County in Foley, AL, zoned M-1 and approximately 25 miles to I-10 and around 10 miles to Gulf Shores. Includes PPIN 41281 and 213524. Owner will possibly consider selling additional property or further subdividing.

BUILDING 1

SIZE: Approximately 13,750 SF

Original Structure 3,500 SF

9/1995 Addition 2,500 SF (50x50)

4/1998 Addition 3,750 SF (50x75)

7/2006 Addition 4,000 SF (40x100)

CEILING HEIGHT: 22’-24’

DOCK HIGH DOORS: (2) 12x14

GRADE LEVEL DOORS: 12X14
14X20

Description:

Building 1 consist of a truck maintenance area with parts room and two grade level 14x14 rollup doors, one at each end with large rig drive-through capability. Included in the building is a small office and restroom, a 1BR/1BA apartment in the mezzanine area, storage space, storage garage and over 11,000 SF of warehouse which includes two grade level rollup doors, a 12x14 and 14x20 plus two 12x14 dock high rollup doors.

BUILDING 2

SIZE: Approximately 42,500 SF

FREEZER 1: 10,000 SF (100x100)
Built September 1996
3 each 22 hp compressor 404A refrigerant
28’ ceiling center

FREEZER 2: 20,000 SF (100x200)
Built May 2006
6 each 30 hp compressors with 404A refrigerant
23’ eave height
28’ ceiling center
Roof slope 1:12
Bay Spacing 8 @ 25’
Basic wind speed 130 mph
Pallet: Racked for 1,679 pallets

COOLER/ICE ROOM: 6,000 SF
2 each 7 hp compressors
1 each 10 hp compressors 404A refrigerant

ICE MACHINE: 8,000 pounds per 24 hours 404A refrigerant

Description:

Building 2 consist of approximately 42,500 SF with 30,000 SF of freezer space, 6,000 SF of cooler space, ante room, heading room, loading dock area with seven (7) dock high doors, private office with restroom, break room and restrooms. Building is wired for a 100 kw generator.

BUILDING 3

SIZE: Approximately 6,000 SF

BUILT: June 1998

Description:

Building 3 is a 60x100 equipment shed enclosed on three sides.

BUILDING 4

SIZE: Approximately 3,600 SF

Description:

Building 4 is a 60x60 barn/shed.

BUILDING 5

SIZE: Approximately 1,250 SF

Description:

Building 5 is a 25x50 enclosed storageBUILDING 6

BUILDING 6

SIZE: Approximately 11,000 SF

Description:

Building 6 is an +/- 11,000 SF building that has 12 rooms, large restrooms with showers, cafeteria with industrial type kitchen. It as previously used as a condo.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-60-06-14-0-000-008.000
Zoning: COUNTY M-1
Property Located Between: CR 16 and CR 12
Highway Access: From I-10 go south on State Hwy. 59 through downtown Foley to CR 16 (Keller Road). Go west on CR 16 (Keller Road) past CR 65. Roy Waters Road will be to your right on the north side of CR 16.
Site Description: Approximately 40 acres. Possibly more acreage can be purchased.
Total Number of Buildings: 6
Number of Stories: 1
Property Condition: Excellent
Parking Type: Surface
Lighting: LED
Zoning Description: County M-1
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,819 17,810
Median Age: 40.43 38.42
Households: 1,909 7,467
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