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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

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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.

ATTACHMENTS

For Sale

PROPERTY FACTS

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-09-31-0-001-035.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,398,980
  • Listing ID: 30822597

  • Date on Market: 1/30/2024

  • Last Updated:

  • Address: 6717 Alabama Highway 157, Cullman, AL 35057

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