1030 London Dr Birmingham, AL 35211
Three-tenant flex property with long-term, stable tenants.
Building Details
- Year built
- 2003
Source:
Bullrealty
Listing Agent: Michael Bull
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fully Occupied Flex Property
This is an opportunity to acquire a fully-occupied, three-tenant flex property with long-term stable tenants. The anchor tenant, Trane Supply, occupies approximately 35,160 square feet. The U.S. Mine Safety and Health Administration occupies approximately 20,554 square feet, and Canon occupies approximately 4,294 square feet. Trane and Canon cover CAM, utilities, and janitorial expenses, while Mine and Safety operates under a typical GSA full-service lease. Trane has expressed interest in expanding into Canon’s space and extending their lease. The facility is located in the Lakeshore Crossing Business Park, near Lakeshore Parkway/Hwy 149, approximately 3 miles from I-65 and 14 miles from the Birmingham Shuttlesworth International Airport. The property, built in 2003, features a clear span of 20 feet, approximately 16,429 square feet of warehouse space, and approximately 47,297 square feet of office space. It includes five existing dock-high doors and two ramped drive-in doors, with punch-outs available for additional dock-high doors. The average rent is $14.64 per square foot, with an average CAM of $1.99 per square foot. Annual escalations are 3% for Trane and 2.5% for Canon. A new roof is planned as of May 2025. The weighted average lease term (WALT) is 3.4 years.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Trane Supply
Air Conditioning Contractor
Canon Solutions America
Office Equipment Supplier
MSHA Mins Safety ...
Government Office
CVS
Convenience Store
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.8653088
- Latitude
- 33.4411793
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Three-tenant flex property with long-term, stable tenants.
Where is this flex space located?
The property is located at 1030 London Dr Birmingham, AL.
What is the asking price?
The asking price for this property is $11,700,000.
What are key features of this property?
This property features: - Fully-occupied, three-tenant flex property with long-term stable tenants including Trane Supply and U.S. Mine Safety and Health Administration.; - Anchor tenant **Trane Supply interested in expanding and extending their lease.**; - Well-located in Lakeshore Crossing Business Park, 3 miles from I-65 and 14 miles from Birmingham Shuttlesworth International Airport.