90 Bama Ln - Warehouse FOR SALE


Clanton, AL 35045
$1,080,000 USD
843-345-5333
90 Bama Ln, Clanton, AL for Sale
$1,080,000 USD
Warehouse - FOR SALE
1/14
null | 9% Cap Rate

90 Bama Ln
Clanton, AL 35045


HIGHLIGHTS

  • Single-Tenant Industrial Asset in the Birmingham MSA | 18,975 SF on 2.50 AC
  • +/- 4 Years of Term Remaining on an Absolute NNN Lease | Zero Landlord Responsibilities
  • 3.5% Annual Escalations | Value-Add Opportunity with Two, 3-Year Options at FMV
  • Fully Leased by Elite InKast Designs, LLC | High-End Concrete Stonework Manufacturer
  • Personal Guarantee & Strong Tenant Financials | Provided Once Per Year Upon Request
  • Located Just Off Hwy 31 & Less than 3 Miles from I-65 | Adjacent to Stella-Jones Corp. Plant

OVERVIEW

Northmarq is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the industrial property located at 90 & 94 Bama Ln, Clanton, Alabama. The subject property is fully occupied by Elite InKast Design, LLC, who manufactures architectural and decorative concrete products using wet cast production techniques. The tenant is on an Absolute NNN lease with approximately four years of term remaining, 3.5 percent annual escalations, and two, 3-year options at fair market value. Located in an industrial corridor, the subject property is comprised of two industrial warehouses and a small office building totaling 18,975 square feet. The buildings rest on approximately 2.50 acres across two adjacent lots with M-2 zoning. Situated in Clanton, Alabama, the property is adjacent to Stella-Jones Corporation, a leading manufacturer of pressure-treated wood products. Ideally located just off of Highway 31 and in close proximity to Interstate 65, the property is less than 50 miles from Birmingham, and 40 miles from Montgomery.

FOR SALE DETAILS

PRICE

$1,080,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elite InKast Designs

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

5

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.5

LAND SF

108,900

ZONING

M2

APN/PARCEL ID

1105210000001001,1105210000001003

ASK ABOUT THIS PROPERTY

Ani PaulsonNorthmarqMore Info
843-345-5333

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Ani PaulsonNorthmarqMore Info
843-345-5333

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