114 Bright Rd - Light Distribution FOR SALE


Guntersville, AL 35976 | 
$3,700,000 USD
205-382-3505
114 Bright Rd, Guntersville, AL for Sale
$3,700,000 USD
Light Distribution - FOR SALE
1/11
null | 8.52% Cap Rate

114 Bright Rd
Guntersville, AL 35976


OVERVIEW

Marcus & Millichap is pleased to offer the opportunity to acquire 114 & 90 Bright Road, a recently renovated, two-building flex/industrial property totaling 35,000 square feet in Guntersville,Alabama. The property is 100% leased to JST Corporation, a Japan-based global manufacturer of electronic connectors and cable assemblies with operations across 17 countries. JST's commitment to Guntersville was further demonstrated by its recently announced $500 million expansion at Conners Island Business Park. The planned project encompasses approximately 540,000 square feet and is expected to create approximately 80 jobs, significantly increasing JST's long-term presence in the NorthAlabama market. The property has benefited from an extensive $950,000 capital improvement program, significantly enhancing the functionality, efficiency, and long-term competitiveness of both buildings. Notably, JST contributed approximately $790,000 toward these improvements, reflecting a substantial financial commitment to the facility and its continued occupancy.Additionally, both buildings are fully heated and cooled, a rare feature for industrial facilities of this size and a distinct competitive advantage within the local market. Guntersville benefits from its strategic location approximately 30–45 minutes southeast of Huntsville, providing access to the Huntsville metropolitan area while maintaining a lower-cost industrial environment. The broader NorthAlabama region continues to attract advanced manufacturing, automotive, aerospace and technology-related investment, supporting long-term tenant demand and economic growth. The offering provides an investor with $348,000 of current annual rental income and an estimated $315,143 NOI, representing an attractive 8.52% going-in capitalization rate at the asking price of $3,700,000. With a creditworthy global tenant, significant recent capital investment, strong tenant commitment, and exposure to one ofAlabama's most dynamic industrial markets, 114 Bright Road presents a compelling opportunity for investors seeking durable cash flow and long-term stability.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

8.52%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Huntsville Metro Single Tenant Industrial

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

UTILITIES

Gas - Natural, Water - City, Heating - Electric

CLEAR CEILING HT

27 Ft

DOCKS

2

DRIVE INS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

2.4

LAND SF

104,544

ZONING

UNZONED

APN/PARCEL ID

140111-0-000-001052

ASK ABOUT THIS PROPERTY

Brian HigdonMarcus & MillichapMore Info
205-382-3505

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Brian HigdonMarcus & MillichapMore Info
205-382-3505

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