600 64th Ave - Showroom FOR SALE
Northport, AL 35476 |
$4,800,000 USD
858-373-3174
600 64th Ave
Northport, AL 35476
HIGHLIGHTS
- Originally a 10-Year Lease with Approximately 3 Years Remaining
- Rare Annual Increases of $18,000/Year in Base Term and Options, Equates to More Than 4% Annual Increases
- Absolute NNN Lease with No Landlord Responsibilities
- Coral Industries is the Largest Independent Manufacturer of Bath Enclosures
- Owned by KPS Capital Partners, Approximately $21.4 Billion of Assets Under Management
- $5.2 Million Northport Facility is Home to Coral’s Architectural Division
FOR SALE DETAILS
PRICE
$4,800,000 USD
PRICE/SF
$480 USD /SF
CAP RATE
9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Coral Industries
PROPERTY TYPE
Flex
PROPERTY SUBTYPE
Showroom
ADD'L SUBTYPES
Storefront, Warehouse, Light Distribution
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
UTILITIES
Lighting, Gas, Water, Sewer, Heating
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
10
PARKING SPACES
-
LAND DETAILS
LAND ACRES
6.7
LAND SF
291,852
ZONING
M-1
APN/PARCEL ID
31-04-18-1-002-007.000
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858-373-3174
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858-373-3174
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