30466 Sgt E I Boots Thomas Dr - Flex FOR SALE


Spanish Fort, AL 36527
$4,625,000 USD
251-518-6972
30466 Sgt E I Boots Thomas Dr, Spanish Fort, AL for Sale
$4,625,000 USD
Flex - FOR SALE
1/20
null | 7.4% Cap Rate

30466 Sgt E I Boots Thomas Dr
Spanish Fort, AL 36527


HIGHLIGHTS

  • Mixed-use facility featuring 20,000 square feet of warehouse space and 12,000 square feet of office space.
  • 93% leased, anchored by Techline International on a long-term commitment, providing stable income.
  • Positioned on 4.16 acres with 38 parking spaces and M-1 light industrial zoning for flexibility of use.
  • Recent capital improvements include restriping, refreshing exterior elements, new roll-up doors, and site enhancements.
  • Located just minutes from I-10 and Eastern Shore Centre with excellent connectivity to Mobile and Pensacola.
  • Surrounded by strong demographics and economic growth in Baldwin County, a top-performing metro area for expansion.

OVERVIEW

Stoic Equity Partners is pleased to present the opportunity to acquire 30466 Sgt. E.I. Boots Drive, a 32,000-square-foot office and warehouse asset. The property consists of a single building featuring a highly functional layout, with approximately 6,000 square feet of office space and 20,000 square feet of warehouse space on the first floor, fully occupied by a single tenant. The second floor is configured as multi-tenant executive office space, comprising 10 individual suites ranging from 100 to 780 square feet, currently leased to six tenants. The asset is 93% occupied and offers upside through lease-up of the remaining office suites and mark-to-market rent adjustments. Techline, the anchor tenant, occupies the entire 26,000-square-foot first floor, providing stable in-place income. The second-floor office component presents a value-add opportunity, with four suites currently available for lease. This investment represents a compelling opportunity to acquire a well-located, versatile asset with both stable cash flow and clear avenues for income growth through increased occupancy and rental rate optimization. Strategically located just minutes from the Eastern Shore Centre and top-rated Spanish Fort schools, the property benefits from excellent connectivity to both Mobile and Pensacola, making it an attractive location for a wide range of tenants. Positioned within Spanish Fort, Alabama—part of Baldwin County, one of the fastest-growing counties in the United States—the asset is supported by strong demographic trends, including a population of approximately 246,000 and annual growth of 3.2%. The region’s expanding economic base, driven by commerce, healthcare, education, and tourism, continues to fuel its emergence as one of the nation’s fastest-growing metropolitan areas.

FOR SALE DETAILS

PRICE

$4,625,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Distribution, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2009

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

5

DRIVE INS

2

PARKING SPACES

38

LAND DETAILS

LAND ACRES

4.16

LAND SF

181,210

ZONING

M1

APN/PARCEL ID

32-07-25-0-000-001.107

ASK ABOUT THIS PROPERTY

Grant ReavesStoic Equity PartnersMore Info
251-518-6972

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Grant ReavesStoic Equity PartnersMore Info
251-518-6972

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