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Eastdale Flex 5323-5325 Wares Ferry Rd 18,454 SF 100% Leased Flex Building Montgomery, AL 36109 $1,050,000 ($56.90/SF) 11.61% Cap Rate
INVESTMENT HIGHLIGHTS
- 18,000 Square Foot Value Add Flex Opportunity on 1.9 Acres
- Immediate Upside Through Leasing Vacant Units and Raising Rents to Market
- Versatile Flex Property Ideal for a Variety of Business Needs
- Each Unit is Equipped with a Grade Level Roll-Up Door
- Six of the Units, Including all Four Vacant Units, have been Completely Renovated and are Ready to Lease
- Excellent visibility from Wares Ferry Road, with Convenient Access to I-85 and U.S. Highway 231
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Eastdale Flex, a 18,000 square foot industrial/flex property built in 1980 and positioned on 1.9 acres. The property enjoys excellent visibility from Wares Ferry Road, with convenient access to I-85 and U.S. Highway 231. This versatile flex property is ideal for a variety of business uses which should allow access to the immediate upside through leasing the vacant units and raising rents to market.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$177,984
|
$9.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,349
|
$0.72
|
| Effective Gross Income |
$164,635
|
$8.92
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$42,733
|
$2.32
|
| Net Operating Income |
$121,902
|
$6.61
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $177,984 |
| Annual Per SF | $9.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $13,349 |
| Annual Per SF | $0.72 |
| Effective Gross Income | |
|---|---|
| Annual | $164,635 |
| Annual Per SF | $8.92 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $42,733 |
| Annual Per SF | $2.32 |
| Net Operating Income | |
|---|---|
| Annual | $121,902 |
| Annual Per SF | $6.61 |
PROPERTY FACTS
1 1
PROPERTY TAXES
| Parcel Number | 10-01-01-3-007-001.000 | Improvements Assessment | $66,560 |
| Land Assessment | $50,760 | Total Assessment | $117,320 |
PROPERTY TAXES
Parcel Number
10-01-01-3-007-001.000
Land Assessment
$50,760
Improvements Assessment
$66,560
Total Assessment
$117,320
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Eastdale Flex | 5323-5325 Wares Ferry Rd
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