419 Republic Street Birmingham, AL 35214

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.