6717 Alabama Highway 157 - Manufacturing FOR SALE


Cullman, AL 35057
$6,500,000 USD
6717 Alabama Highway 157, Cullman, AL for Sale
$6,500,000 USD
Manufacturing - FOR SALE
1/8
null | 5.8% Cap Rate

6717 Alabama Highway 157
Cullman, AL 35057


HIGHLIGHTS

  • 100% leased to a single-NNN tenant
  • Property offered debt free
  • Excellent location
  • High probability of renewal

OVERVIEW

The site is situated in Cullman County, AL directly between Birmingham and Huntsville, so it has an excellent location to serve both cities. The property is located with easy access to I-65, excellent demographics, and convenient access to educational institutions. The site sits on approximately 37.44 acres and features four 1-story structures comprised of two manufacturing buildings totaling 120,853 SF; a 2,046 SF storage building and a 4,965 SF open pavilion eating facility. This is a single-tenant NNN leased industrial property currently 100% leased by General Dynamics Global Imaging Technologies, a subsidiary of General Dynamics Advanced Information Systems, Inc. (GDAIS), a provider of imaging solutions for some of the world’s most demanding applications. General Dynamics recently finished a 15-year lease term and decided to exercise the first of three five-year options.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

-

CLEAR CEILING HT

25 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

256

LAND DETAILS

LAND ACRES

37.44

LAND SF

1,630,886

ZONING

I-1

APN/PARCEL ID

09-09-31-0-001-035.000

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