Investment Property 100% Occupied on Halls Mill Rd.

Industrial for Sale
Catylist Listing ID: 30022191
Property Subtypes: Flex Space, Mixed Use, Warehouse/Distribution
Building Size (RSF): 26,000 SF
Gross Land Area: 1.75 Acres
Sale Price: $849,000
Unit Price: $32.65 PSF
Property Use Type: Investment
Usable Size (USF): 26,000 SF
Sale Terms: Cash to Seller
Cap Rate: 9.25%
Last Updated: 1/21/2019

Overview / Comments

Great investment opportunity on Office/Warehouse space that is 100% occupied! The plot consists of 5 buildings totaling 26,000 sq.ft of leasable area. Three of the leased buildings are occupied by fortune 500 company Aramark Uniforms which has occupied the space since 1993. The warehouse offers dock high and ground level loading doors. Substantial lot frontage on both Halls Mill and Navco Rd. allow for optimal accessibility to and from the property and excellent visibility.

Financials

Finance Data Year 2016
Net Operating Income $78,500 (Annual)

Current Tenants

Tenant Business Name Aramark
Is Renting? Yes
SF of Space Occupied 14,000 SF

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2909510007259.000
Zoning: B-3
Property Located Between: Halls Mill and Navco Rd.
Highway Access: 1.5 miles from I-65 and nearly equidistant from I-10 access.
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Property Condition: Good
Lot Frontage: 185
Lot Depth: 260

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,025 80,421 163,601
Median Age: 33.29 34.44 36.81
Households: 3,562 32,674 66,070
The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.