Net Lease Industrial Manufacturing
3500 27th Avenue North Birmingham, AL 35207
3500 27th Avenue North, Birmingham, AL, 35207
Contact for pricing
For Sale
Contact for pricing
NNN-leased steel fabrication and distribution facility with recently replaced roof covered by a 20-year warranty.
Property Size99,574 SF
Lot Size5.90 Acres
Price / SF$64.94
Days on Market50
Property Features for 3500 27th Avenue North
General Information
- Standard status
- Active
- Size
- 99,574 SF
- Lot size
- 5.90 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2004
Listing agency
Stream Capital Partners
(203) 610-1541
Listed by
Phil DiGennaro · License #CT RES.0804114
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:52PM Checked: Jul 20 at 6:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stream Capital Partners
Investment Insights
Based on property information with market context.
The offering is a net lease industrial manufacturing facility leased to CMC Steel US, LLC. The property supports rebar fabrication and distribution functions, including cutting, bending, and delivery of reinforcing steel, and is purpose-built for heavy industrial operations. The facility totals approximately 99,574 square feet on about 5.9 acres, with the landlord’s responsibility limited to the roof, which was recently replaced and is covered by a 20-year warranty.
Located at 3500 27th Avenue North in Birmingham, Alabama, the asset is structured as a triple net (NNN) lease. Under the lease terms, the tenant is responsible for operating expenses, taxes, utilities, maintenance, repair, and replacement of the premises. The lease also includes 3.0% annual rent escalations over the remaining term.
For investors seeking an in-place industrial cash-flow profile, the property is leased to a wholly owned subsidiary of Commercial Metals Company (NYSE: CMC). CMC is a vertically integrated producer and fabricator of steel and metal products, including reinforcing steel and related offerings. The facility’s specialized manufacturing and distribution use is designed to support ongoing fabrication operations, with the NNN structure shifting ongoing cost responsibilities to the tenant.
Located at 3500 27th Avenue North in Birmingham, Alabama, the asset is structured as a triple net (NNN) lease. Under the lease terms, the tenant is responsible for operating expenses, taxes, utilities, maintenance, repair, and replacement of the premises. The lease also includes 3.0% annual rent escalations over the remaining term.
For investors seeking an in-place industrial cash-flow profile, the property is leased to a wholly owned subsidiary of Commercial Metals Company (NYSE: CMC). CMC is a vertically integrated producer and fabricator of steel and metal products, including reinforcing steel and related offerings. The facility’s specialized manufacturing and distribution use is designed to support ongoing fabrication operations, with the NNN structure shifting ongoing cost responsibilities to the tenant.
Key Highlights
- 99,574 SF industrial manufacturing facility built in 2004 on approx. 5.9 acres at 3500 27th Avenue, Birmingham, AL.
- Purpose‑built for reinforcing steel (rebar) fabrication and distribution, supporting cutting, bending, and delivery operations.
- Triple net (NNN) lease structure: tenant responsible for operating expenses, taxes, utilities, maintenance, repair, and replacement; landlord responsible only for the roof.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $716.9k | $7.20 |
| − Vacancy | −$63.1k | −$0.63 |
| EGI | $653.8k | $6.57 |
| − OpEx | −$98.1k | −$0.98 |
| NOI | $555.8k | $5.58 |
99,574 SF · lease $7.20/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$7.94M
$6.95M – $9.26M
NOI $555,766 @ 7.0% cap · market cap 8.59%
Second Best
Industrial
$6.54M
$5.72M – $7.63M
NOI $457,690 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$23.37M
$20.45M – $27.27M
NOI $1,636,041 @ 7.0% cap · market cap 25.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
B&P Enterprises - Birmingham, ...
General Contractor
Gerdau Ameristeel
Factory
CMC Rebar
Factory
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FAQs
What type of property is this?
Manufacturing property - NNN-leased steel fabrication and distribution facility with recently replaced roof covered by a 20-year warranty.
Where is this manufacturing property located?
The property is located at 3500 27th Avenue North Birmingham, AL.
What is the asking price?
The asking price for this property is $6,466,666.
What are key features of this property?
This property features: 99,574 SF industrial manufacturing facility built in 2004 on approx. 5.9 acres at 3500 27th Avenue, Birmingham, AL.; Purpose‑built for reinforcing steel (rebar) fabrication and distribution, supporting cutting, bending, and delivery operations.; Triple net (NNN) lease structure: tenant responsible for operating expenses, taxes, utilities, maintenance, repair, and replacement; landlord responsible only for the roof.
