1751 Industrial Pky
Foley, AL 36535
INVESTMENT SALE-OFFICE/WAREHOUSE · Industrial Property For Sale

Class A office / warehouse facility located in the Foley Beach Express Industrial Park, providing great access via Foley Beach Express, from US Hwy 98 and I-10. The 33,934 +/- SF building is positioned on approximately 6.4 fenced acres, and consists of a warehouse with 29,145+/- SF and approximately 4,789 SF of office space. Built in 2007, the building is fully sprinklered, with warehouse eave heights of approximately 20'. Four(4) roll-up doors exist (2 @ 20' x 16', 1 @ 20' x 14' and 1 @ 20' x 10' with modified dock). Drive-in access via ramps. The warehouse is clear-span and fully insulated. Phase III power and mercury vapor lighting exists. As of October 2016, 44% of the building is leased to a national credit tenant for a 5 year term. In-place NOI yields a 6% cap rate on the partially occupied building. The ability to add value by leasing the remaining 19,324 SF of warehouse space creates an opportunity for either an investor or owner / occupant with a need for prime warehouse space. Contact listing agent for additional information. Lot 7, Foley Beach Express Industrial Park / Approximately 6.4 Acres, fully fenced and gated. The site is fully paved, offering an abundance of exterior storage space. Not included in the building square footage is a 4,000 +/- SF structure on the north end of the property offering covered storage space. Foley Beach Express Industrial Park is centrally located in Foley, Al, between US Hwy 98 and CR 20. The location is close to a new 500+ acre entertainment complex under development along Foley Beach Express at CR 20.