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.