1030 London Dr - Light Distribution FOR SALE


Birmingham, AL 35211- Sand Ridge
$11,700,000 USD
404-876-1640
1030 London Dr, Birmingham, AL for Sale
$11,700,000 USD
Light Distribution - FOR SALE
1/5
null | 6.52% Cap Rate

1030 London Dr
Birmingham, AL 35211
Sand Ridge


HIGHLIGHTS

  • WALT 3.4 years | 5 Existing dock-high doors | 2 Ramped drive-in doors
  • ±16,429 SF warehouse | ±47,297 SF office
  • Built in 2003 | New roof as of May 2025
  • Clear span 20 FT | Punch-outs for more dock-highs
  • Average rent $14.64 per SF | Average CAM $1.99 per SF
  • Annual escalations Trane 3% and Canon 2.5%

OVERVIEW

Opportunity to acquire a fully-occupied three tenant flex property with long term stable tenants. Trane Supply is the anchor tenant in ±35,160 SF. The other tenants are the U.S. Mine Safety and Health Administration situated in ±20,554 SF and Canon in ±4,294 SF. Trane and Canon pay CAM, utilities and janitorial. Mine and Safety is a typical GSA full-service lease. Trane has expressed interest in taking Canon’s space and extending their lease. The facility is well-located in the Lakeshore Crossing Business Park just off Lakeshore Parkway/Hwy 149. The property is only 3 miles from I-65 and 14 miles from the Birmingham Shuttlesworth International Airport.

FOR SALE DETAILS

PRICE

$11,700,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

6.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Occupied | Trane Anchored | ±63,726 SF

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

5

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.34

LAND SF

276,170

ZONING

I-1-C

APN/PARCEL ID

29-00-28-2-000-003.000,29-00-28-3-000-001.013,29-00-29-4-001-001.004

ASK ABOUT THIS PROPERTY

Michael BullBull Realty Inc.More Info
404-876-1640

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Michael BullBull Realty Inc.More Info
404-876-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.