428 Industrial Ln - Warehouse FOR SALE


Birmingham, AL 35211- Sand Ridge
$7,750,000 USD
205-314-5509
428 Industrial Ln, Birmingham, AL for Sale
$7,750,000 USD
Warehouse - FOR SALE
1/7
null | 7.25% Cap Rate

428 Industrial Ln
Birmingham, AL 35211
Sand Ridge


HIGHLIGHTS

  • Located in the Oxmoor Valley submarket
  • Secured fenced and gated loading area
  • Renovated in 2023; New roof 2025
  • Prime access to I-65

OVERVIEW

Cushman & Wakefield | EGS, as the exclusive listing broker, is pleased to offer to qualified investors the opportunity to acquire a fully-leased ±81,795 square foot office, production and warehouse building, situated on ±6 acres and located at 428 Industrial Lane in the Oxmoor Valley submarket of Birmingham, Alabama (the “Property”). Simultaneously with the closing, Storyteller Overland will execute a new 10-year triple net lease with 3% annual increases. The Property currently serves as the corporate headquarters, primary manufacturing and warehousing facility for Storyteller Overland (“Tenant”), the world’s most encompassing overlanding company. This mission-critical facility houses the company’s leadership, marketing, engineering and operations teams, and functions as the manufacturing and production location for Storyteller Overland’s adventure van product line, producing approximately 350 vehicles annually. Strategically located in the Oxmoor Valley submarket, a densely populated industrial corridor, the Property is ±7.5 miles from downtown Birmingham, has convenient access to Lakeshore Parkway and I-65, and is less than 20 minutes from the Birmingham-Shuttlesworth International Airport.

FOR SALE DETAILS

PRICE

$7,750,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

UTILITIES

-

CLEAR CEILING HT

22 Ft

DOCKS

6

DRIVE INS

1

PARKING SPACES

65

LAND DETAILS

LAND ACRES

6

LAND SF

261,360

ZONING

I-3

APN/PARCEL ID

29-00-28-2-000-001.004

ASK ABOUT THIS PROPERTY

Brad MoffattEGS Commercial Real Estate, Inc.More Info
205-314-5509

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Brad MoffattEGS Commercial Real Estate, Inc.More Info
205-314-5509

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