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6717 Alabama Highway 157 122,899 SF Industrial Building Cullman, AL 35057 $6,500,000 ($52.89/SF) 5.80% Cap Rate



INVESTMENT HIGHLIGHTS
- 100% leased to a single-NNN tenant
- Excellent location
- Property offered debt free
- High probability of renewal
EXECUTIVE SUMMARY
The site is situated in Cullman County, AL directly between Birmingham and Huntsville, so it has an excellent location to serve both cities. The property is located with easy access to I-65, excellent demographics, and convenient access to educational institutions. The site sits on approximately 37.44 acres and features four 1-story structures comprised of two manufacturing buildings totaling 120,853 SF; a 2,046 SF storage building and a 4,965 SF open pavilion eating facility. This is a single-tenant NNN leased industrial property currently 100% leased by General Dynamics Global Imaging Technologies, a subsidiary of General Dynamics Advanced Information Systems, Inc. (GDAIS), a provider of imaging solutions for some of the world’s most demanding applications. General Dynamics recently finished a 15-year lease term and decided to exercise the first of three five-year options.
PROPERTY FACTS
| Price | $6,500,000 | Lot Size | 37.44 AC |
| Price Per SF | $52.89 | Rentable Building Area | 122,899 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.80% | Year Built/Renovated | 1974/2018 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 2.08/1,000 SF |
| Building Class | B | Clear Ceiling Height | 25’ |
| Zoning | I-1 - Industrial | ||
| Price | $6,500,000 |
| Price Per SF | $52.89 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 37.44 AC |
| Rentable Building Area | 122,899 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1974/2018 |
| Tenancy | Single |
| Parking Ratio | 2.08/1,000 SF |
| Clear Ceiling Height | 25’ |
| Zoning | I-1 - Industrial |
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PROPERTY TAXES
| Parcel Number | 09-09-31-0-001-035.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,398,980 |
PROPERTY TAXES
Parcel Number
09-09-31-0-001-035.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,398,980
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Research In Progress
6717 Alabama Highway 157
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