600 64Th Ave Northport, AL 35476
Two industrial buildings and land parcel with long-term tenant.
Building Details
- Year built
- 1998
Source:
Ironvestpartners
Listing Agent: Robert Crook
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Industrial Investment Opportunity in Northport
This industrial investment opportunity features two buildings totaling approximately 67,659 square feet, along with a separate 1.61-acre land parcel. The property is purpose-built to support industrial operations and features strong clear heights, heavy power capacity, overhead crane infrastructure, and a combination of dock-high and drive-in loading. The property is leased to Coral Industries under a long-term triple-net lease with nearly six years remaining, built-in rental escalations, and a tenant renewal option. Building 2 has 25' clear heights. A new roof is planned for Building 1 in 2025. The property is located 0.3 miles from McFarland Boulevard, which carries approximately 32,000 vehicles per day, and is directly across from the recently expanded Tuscaloosa National Airport. It is one mile away from University Beach, a $350M mixed-use resort development. The property is approximately five miles from the University of Alabama, three miles from downtown Northport, two miles from Interstate 359, and 8.2 miles from I-20/59, providing efficient access to the Tuscaloosa MSA and major regional transportation corridors. The property has 3-Phase Power.
Location Intelligence
Current Use by Public Records
Industrial properties
Location Insight
- Map
- Local Demand
- City
- Northport
- County
- Tuscaloosa
- State
- Alabama
- Longitude
- -87.619702
- Latitude
- 33.229498
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FAQs
What type of property is this?
Industrial property - Two industrial buildings and land parcel with long-term tenant.
Where is this industrial property located?
The property is located at 600 64Th Ave Northport, AL.
What is the asking price?
The asking price for this property is $6,450,000.
What are key features of this property?
This property features: - Long-term triple-net lease with nearly six years remaining, built-in rental escalations, and a tenant renewal option, providing stable and growing cash flow.; - High-quality industrial investment consisting of two buildings totaling approximately 67,659 SF, along with a separate 1.61-acre land parcel.; - Offered at $6,450,000, reflecting a 6.75% cap rate.
