3500 27th Avenue North, Birmingham, AL 35207
NNN-leased steel fabrication and distribution facility with recently replaced roof covered by a 20-year warranty.
- Added:
- Jun 2, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 6 at 5:24 am
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 agent Phil DiGennaro License #CT RES.0804114
Listing office Stream Capital Partners (203) 610-1541
Listing date Jun 2, 2026
Source Crexi
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
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.
- Roof recently replaced and backed by a 20‑year warranty.
- 3.0% annual rent escalations to support income growth over the remaining lease term.
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.794862
- Latitude
- 33.549889
