Description
This industrial property has 50,100 sq. ft. property space with long term tenants with 19 acres of land. The visionary investor can add another 50,000 sq. ft. to the property in the same complex and take advantage of its great location. There are currently 9 buildings in the 19 acres of land. This property has a value ad opportunity with future rent increase negotiations to current market value and doubling their CAP rate. The owners also have the property next door for sale and it can be sold as a package deal.
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0BEDS
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19ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This industrial property has 50,100 sq. ft. property space with long term tenants with 19 acres of land. The visionary investor can add another 50,000 sq. ft. to the property in the same complex and take advantage of its great location. There are currently 9 buildings in the 19 acres of land. This property has a value ad opportunity with future rent increase negotiations to current market value and doubling their CAP rate. The owners also have the property next door for sale and it can be sold as a package deal.
© 2023 NALMLS, Inc. All information provided is deemed reliable but is not guaranteed accurate by the MLS or The Cornerstone Real Estate Team | RE/MAX Unlimited and should be independently verified. Listings marked with the NALMLS logo are provided courtesy of the North Alabama Real Estate Information Service, Inc. (NALMLS) IDX Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2023-03-25T13:27:29.057.
Listing provided by Mrg Alabama Inc.: .