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.