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Industrial Property For Sale

Southern Pipe

300 35th Street North, Birmingham, AL 35222

Price:
$770,000
Building Size:
15,000 SF
Price/SF:
$51.33
Property Type:
Industrial
Property Sub-type:
Office Showroom
Additional Sub-types:
Warehouse
Property Use Type:
Net Lease Investment with 4 years left on lease
Cap Rate:
9.25%
Occupancy:
100%
Tenancy:
Single
Year Built:
1998
No. Drive In / Grade-Level Doors:
2
Lot Size:
87,120 SF
Features:
- Fenced Yard
Find Out More...

Last Verified 11/9/2009 Listing ID 14957389

Highlights

9.25% CAP rate
Strong Credit Tenant
Build-to-Suit for Tenant

Price Below Replacement Cost

Description

This 15,000+/- square foot building was built roughly nine years ago specifically for the tenant in place. It sits on 2 acres, more or less, and has a 5,000 square foot office/showroom leaving a balance of 10,000 square feet of open warehouse space. There is a bonus mezzanine level above the office/showroom that allows for a floor load of 125lbs per square foot. This same building could not be built today for the purchase price!

Located just East of downtown Birmingham (less than two miles) this property offers the opportunity for easy access to major interstates and thru town corridors. This allows the occupant to concentrate on its operations and not solving transpostation issues. The majority of properties in the trade area fit well with the subject property ranging from light - moderate industrial to general commercial.

Financial Summary

Major Tenant Information

Actual
Net Operating Income
$71,132

Tenant	SF Occupied	Lease Expired
Southern Pipe	15,000

Map of 300 35th Street North, Birmingham, AL 35222 (Jefferson County)

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Presented by

Southpace Properties, Inc.

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Contact Listing Broker

Jonathan Lindsey (205) 326-2222

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Created 1/16/2007

Additional Information for 300 35th Street N, Birmingham, AL 35222

Active For Sale - 1 Listing
Active For Lease - 1 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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