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

View FullscreenMap

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


Photograph of Listing Agent

Colby Herrington, CCIM

Herrington Realty, Inc Gulf Coast CMLS Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions.