Flex Industrial Investment Opportunity
Industrial
for Sale
| Catylist Listing ID: |
30855216 |
| Property Subtypes: |
Flex Space, Free-Standing, Mixed Use, Light Industrial, Net Leased, Warehouse/Distribution
|
| Building Size (RSF): |
10,000 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,250,000 |
| Unit Price: |
$125 PSF |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
5.75% |
| Last Updated: |
10/3/2023 |
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.
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Additional Details
| Nearest MSA: |
Mobile |
| County: |
Mobile |
| Tax ID/APN: |
3307400007022005 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
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