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5450 Rangeline Road, Mobile, AL

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5450 Rangeline Road

Mobile, AL 36619-9532 - Outlying Mobile County Submarket

Property Type:Industrial Sub Type:Distribution Status:Existing Year Built:2000
Building Size:15,530 SF Land Area:1.68 AC (73,272 SF)
Ceiling Height:- Loading Docks:- Rail:- Power:-
For Sale Price:$1,371,000 Price/SF:$88.28
Cap Rate:7.00 %
Zoning:- Sprinklers:- Drive Ins:- Cranes:-

Sale Notes:
The current owner of the property is The Lathan Company Inc.

The current owner will sign a 10-12 year lease. They are currently paying $6.18/s.f. for the property and will continue to do so for a new owner/investor. The NOI at this rate is $96,000. Rent increases in the lease can be negotiated as well.

The property is located in front of the Mobile Commerce Park and surrounded by numerous industrial uses. Its conveniently located 1.4 miles from I-10.

Stirling Properties LLC
Justin Toomey
(251) 342-7229

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