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100% Occupied | Trane Anchored | ±63,726 SF 1030 London Dr 63,726 SF 100% Leased Flex Building Birmingham, AL 35211 $11,700,000 ($183.60/SF) 6.52% Cap Rate
Investment Highlights
- WALT 3.4 years | 5 Existing dock-high doors | 2 Ramped drive-in doors
- Built in 2003 | New roof as of May 2025
- Average rent $14.64 per SF | Average CAM $1.99 per SF
- ±16,429 SF warehouse | ±47,297 SF office
- Clear span 20 FT | Punch-outs for more dock-highs
- Annual escalations Trane 3% and Canon 2.5%
Executive Summary
Opportunity to acquire a fully-occupied three tenant flex property with long term stable tenants. Trane Supply is the anchor tenant in ±35,160 SF. The other tenants are the U.S. Mine Safety and Health Administration situated in ±20,554 SF and Canon in ±4,294 SF. Trane and Canon pay CAM, utilities and janitorial. Mine and Safety is a typical GSA full-service lease. Trane has expressed interest in taking Canon’s space and extending their lease.
The facility is well-located in the Lakeshore Crossing Business Park just off Lakeshore Parkway/Hwy 149. The property is only 3 miles from I-65 and 14 miles from the Birmingham Shuttlesworth International Airport.
The facility is well-located in the Lakeshore Crossing Business Park just off Lakeshore Parkway/Hwy 149. The property is only 3 miles from I-65 and 14 miles from the Birmingham Shuttlesworth International Airport.
Property Facts
| Price | $11,700,000 | Lot Size | 6.34 AC |
| Price Per SF | $183.60 | Rentable Building Area | 63,726 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.52% | Year Built/Renovated | 2003/2019 |
| Property Type | Flex | Clear Ceiling Height | 20’ |
| Property Subtype | Light Distribution | No. Dock-High Doors/Loading | 5 |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-1-C - Light Industrial – Contingency district | ||
| Price | $11,700,000 |
| Price Per SF | $183.60 |
| Sale Type | Investment |
| Cap Rate | 6.52% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 6.34 AC |
| Rentable Building Area | 63,726 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2003/2019 |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-1-C - Light Industrial – Contingency district |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $45,380 | Total Assessment | $1,004,360 |
Property Taxes
Parcel Numbers
Land Assessment
$45,380
Improvements Assessment
$0
Total Assessment
$1,004,360
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100% Occupied | Trane Anchored | ±63,726 SF | 1030 London Dr
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