5890 Industrial Pkwy Theodore, AL 36582
Sponsored
89,770 SF Manufacturing Facility, 7.52% Cap Rate
Property size:
89,770 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 391
Property Features for 5890 Industrial Pkwy
General Information
- Property type
- Manufacturing properties
- Square Feet
- 89,770 SF
- Class
- C
- Lot Size
- 217,800 SF
Building Details
- Year Built/Renovated
- 1977/2024
- Stories
- 2
HighLights
- 89,770 SF Class C industrial manufacturing facility on a 5‑acre lot in Theodore, AL.
- 45' ceiling height, 40,000 SF climate‑controlled space, six craneways, eleven hooks, and 25‑ton (plus 30‑ton available) lifting capacity.
- New 10‑year NNN lease with GEXPRO Services (a subsidiary of publicly traded Distribution Solutions Group) commencing April 2025, including two 5‑year renewal options and a 10% rent increase in year six.
- $9,050,000 asking price ($100.81/SF), $681,000 NOI, 7.52% cap rate.
- Excellent access to I‑10 and proximity to Mobile, AL.
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Map
- City
- Theodore
- County
- Mobile
- State
- Alabama
- Longitude
- -88.176783076211
- Latitude
- 30.568072881408
Nearby Similar for Sale
FAQs
What type of property is this?
Manufacturing property - 89,770 SF Manufacturing Facility, 7.52% Cap Rate
Where is this manufacturing property located?
The property is located at 5890 Industrial Pkwy Theodore, AL.
What is the asking price?
The asking price for this property is $9,050,000.
What are key features of this property?
This property features: 89,770 SF Class C industrial manufacturing facility on a 5-acre lot in Theodore, AL.; 45' ceiling height, 40,000 SF climate-controlled space, six craneways, eleven hooks, and 25-ton (plus 30-ton available) lifting capacity.; New 10-year NNN lease with GEXPRO Services (a subsidiary of publicly traded Distribution Solutions Group) commencing April 2025, including two 5-year renewal options and a 10% rent increase in year six.
