This Industrial Property is Off-Market.

1401 Meadowcraft Road
Birmingham, AL 35125 ·

260,000 SF · Industrial For Sale

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Dayton Superior

Price N/A Occupancy 100%
Building Size 260,000 SF No. Stories 1
Property Type Industrial Tenancy Single
Property Sub-type
Manufacturing
More...
  • Distribution Warehouse
Year Built 1969
Property Use Type Investment Lot Size 29 AC
Cap Rate 8%
Listing ID: 14266480 Date Created: 07/12/2005 Last Updated: 11/03/2005

Description

Dayton Superior Corporation is North America's leading manufacturer of accessories for the concrete and masonry construction industries This is a true NNN offering, with approximately 16.5 years remaining on what was originally a 20 year lease. There are 2-10 year options on the lease as well. At COE, property will generate $413,875 in income, before debt service. The property is well maintained with rent that is considered below the prevailing market. Recent capital improvements to the site exceed $2,000,000, and include a new "skin" on the buildings, as well as additional power, an overhead crane and fresh water for their manufacturing process. All of the improvements were paid for by the tenant.

10 Miles from Downtown Birmingham
Ready Access to Rail, Air, Interstate Hwy and Barge
Growing Manufacturing Center
Expanding Employer Base

Highlights

  • Property Located in Strong Industrial Corridor
  • Stable, Cash Flowing Investment
  • True NNN Lease-No Landlord Obligations
  • 7.5% Rent Increase every 3rd Year

Research

1401 Meadowcraft Road, Birmingham, AL 35125

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