New Multi-Tenant Industrial
For Sale
Contact for pricing
419 Republic Street, Birmingham, AL 35214
140,000 SF industrial building, 100% leased to credit tenants.
Property Size140,000 SF
Lot Size9.56 Acres
Days on Market100
Property Features for 419 Republic Street
General Information
Standard status
Active
Size
140,000 SF
Total Parking Spaces
138
Lot size
9.56 Acres
Property subtype
Industrial
Occupancy
100%
Lease Type
NN
Building Details
Year Built
2023
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - San Francisco, California
Listed By:
Douglas Longyear · License #CA 00829911
Source:
Crexi
Added: May 26
Changed: Aug 16
Last Checked: Aug 31 at 6:14AM
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 Cushman & Wakefield - San Francisco, California
Investment Insights
Based on property information with market context.
A new 140,000 square feet multi-tenant industrial building is available for sale. The property is located at 419 Republic Street, Birmingham, Alabama, situated on a 9.56-acre site in Birmingham’s Central Submarket, approximately 3.5 miles north of Downtown Birmingham and 5 miles west of the Birmingham-Shuttlesworth Airport. The building is fully leased at market rents to three credit tenants: TireHub (30,000 SF), Crawford (70,000 SF), and East Penn (40,000 SF). The weighted average lease term (WALT) is 5.31 years, with annual rent increases ranging from 3.00% to 3.50% before extra tenant improvement amortization. This location is suitable for service companies and parts distributors serving customers around Downtown Birmingham and the broader metro area. The building is the first speculative warehouse constructed since 2003 in the Central Submarket that features 200’ bay depths which allows for divisibility down to 20,000 SF. Other speculative warehouses constructed in the broader market since 2003 typically have bay depths ranging from 250’ to 385’ and cannot divide down below 50,000 SF. The 20,000 SF to 40,000 SF spaces in the subject property are ideal for service companies and product distributors.
Key Highlights
- 100% Leased to three credit tenants, providing immediate income.
- New construction (2023) - first speculative warehouse in the Central Submarket since 2003.
- Located in Birmingham's Central Submarket, close to Downtown and the Airport.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35214, AL
18,287
Population
8,048
Households
2.3
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
24.8 sq mi
ZIP Area
737
Density / Sq Mi
$55,478
Median Household Income
$34,146
Median Earnings
$987
Median Rent
$149,600
Median Home Value
Market
Vacancy Rate% for Industrial in Birmingham, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 140,000 SF industrial building, 100% leased to credit tenants.
Where is this warehouse located?
The property is located at 419 Republic Street Birmingham, AL.
What are key features of this property?
This property features: 100% Leased to three credit tenants, providing immediate income.; New construction (2023) - first speculative warehouse in the Central Submarket since 2003.; Located in Birmingham's Central Submarket, close to Downtown and the Airport.
