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210 Automation Way 94,513 SF 100% Leased Office Building Irondale, AL 35210 $7,000,000 ($74.06/SF) 6.24% Cap Rate
INVESTMENT HIGHLIGHTS
- Low Vacancy Sub-Market
- Expansive Site - 9 acres 90,000 SF
- Below Market Rents
- Located off of I-20, within the Crestwood Blvd Industrial Corridor
EXECUTIVE SUMMARY
Strategically positioned in Irondale—one of Birmingham MSA’s most vital industrial submarkets—this fully occupied, multi-tenant facility spans 90,000 square feet on 9.57 acres. Located just off the high-traffic I-20 corridor, the property offers seamless connectivity to I-459 and I-65, enabling direct regional access and efficient distribution capabilities throughout the Southeast.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
94,513 SF
Building Class
C
Year Built
1974
Price
$7,000,000
Price Per SF
$74.06
Cap Rate
6.24%
NOI
$436,800
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
47,256 SF
Building FAR
0.23
Lot Size
9.57 AC
Opportunity Zone
Yes
Zoning
C-1 - Neighborhood Commercial
Parking
337 Spaces (3.74 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 24-00-19-1-000-002.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,041,540 |
CONTACTS
-
Kenneth
Hobson
-
Brian
Brockman
