Flex Industrial Investment Opportunity

Industrial for Sale
Sale Pending
Catylist Listing ID: 30855216
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Net Leased, Warehouse/Distribution
Status: Pending
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Sale Price: $1,150,000
Unit Price: $115 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.2%
Last Updated: 2/29/2024

Overview / Comments

Herrington Realty is pleased to present the opportunity to purchase this subject property, Sunbelt Rentals, located at 6065-B Rangeline Road in Theodore, Alabama. The property occupies approximately 0.97 acres and features a 10,000 square-foot building that has been operational since 1998.

A noteworthy aspect of this investment is Sunbelt’s commitment, demonstrated by their recent lease extension for an additional 5 years. This is further complemented by a planned rental rate increase to $8 per square foot in 2026. Lease is a NNN lease with landlord responsibilites of roof & structure and parking lot.

Attachments & Media

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 3307400007022005

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,957 14,029 55,969
Median Age: 43.87 38.38 38.95
Households: 748 5,398 21,700

Contact

Photograph of Listing Agent

Colby Herrington, CCIM

Herrington Realty, Inc Gulf Coast CMLS Member
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