94 Bama Ln - Warehouse FOR SALE


Clanton, AL 35045
$1,252,000 USD
678-808-2804
94 Bama Ln, Clanton, AL for Sale
$1,252,000 USD
Warehouse - FOR SALE
1/14
null | 7.5% Cap Rate

94 Bama Ln
Clanton, AL 35045


HIGHLIGHTS

  • Single-Tenant NNN Industrial in the Birmingham MSA | Fully Leased by Elite InKast Design, LLC
  • Personal Guarantee | Tenant to Provide Financials Once Per Year Upon Landlord’s Request
  • +/- 5 Years of Term Remaining | 3.5% Annual Escalations | Two, 3-Year Options at FMV
  • M2 Zoning | Located in an Industrial Corridor | 3 Miles from Interstate-65
  • 50 Miles from Birmingham and 40 Miles from Montgomery

OVERVIEW

The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the single-tenant industrial property located at 90 & 94 Bama Ln, Birmingham, Alabama The subject property is fully occupied by Elite InKast Design, LLC, who manufactures architectural and decorative concrete product using wet cast production techniques. The tenant is on a NNN lease with approximately five years of term remaining, 3.5 percent annual escalations, and two, 3-year options at fair market value. Located in an industrial corridor, the subject property is comprised of two industrial warehouses and a small office building totaling 18,975 square feet. The buildings rest on approximately 2.50 acres across two adjacent lots with M-2 zoning. The Birmingham-Hoover metro area, located in north-central Alabama, has a population of approximately 1.2 million residents. The metro encompasses Jefferson, Bibb, Shelby, Blount, Chilton, Walker, and St. Clair counties. Birmingham, the largest city, is home to more than 200,000 residents, followed by Hoover with 93,100 residents and Vestavia Hills with 37,900 residents. Population growth in the region is expanding outward from Birmingham along the interstate system into emerging next-ring cities such as Alabaster.

FOR SALE DETAILS

PRICE

$1,252,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg #1

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

5

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.5

LAND SF

108,900

ZONING

M2

APN/PARCEL ID

1105210000001001,1105210000001003

ASK ABOUT THIS PROPERTY

Ani PaulsonMarcus & MillichapMore Info
678-808-2804

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Ani PaulsonMarcus & MillichapMore Info
678-808-2804

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.