Net Leased Industrial Property

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30769992
Property Subtypes: Flex Space, Free-Standing, Net Leased, Office Showroom, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 16,245 SF
Gross Land Area: 43,500 SF
Sale Price: $1,532,492
Unit Price: $94.34 PSF
Office SF: 5,210 SF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Building Name: Wesco Distribution, Inc.
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Average Occupancy Rate: 100
Last Updated: 12/9/2021

Overview / Comments

566 Beauregard Street is a 16,245' sqft office/warehouse/distribution facility that is leased to Wesco Distribution, Inc. This property has been leased to Wesco Distribution, Inc. since 2000. Wesco Distribution, Inc. is a global electrical supply company and a fortune 500 company. The Tenant has primary term thru March 2023 and has renewal options thru May 2025. NNN lease with annual base rent of $99,612. The property has a 2,081' sqft covered loading dock, ground level roll up doors, fenced parking area, 5,210' sqft of finished office space, 3,634' sqft of mezzanine storage, and 19' eave height.

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2906400003024XXX
Zoning: B4
Highway Access: Easy access to I-10 and I-165.
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Poor
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Zoning Description: B4 zoning
Lot Frontage: 356.38
Lot Depth: 145
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,107 57,281 112,455
Median Age: 39.36 37.36 35.82
Households: 3,448 22,417 43,890

Contact

Photograph of Listing Agent

Marl M Cummings, IV

Cummings & Associates, Inc. Gulf Coast CMLS Member
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