5890 I 10 Industrial Pkwy Theodore, AL 36582
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89,770 SF Manufacturing Facility, 7.52% Cap Rate
Property size:
89,770 SFProperty Features for 5890 I 10 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
Listing Agency: Centennial Advisers Listing Agent: Justin White
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 89,770 square foot Class C industrial manufacturing facility located at 5890 I-10 Industrial Pkwy S, Theodore, Alabama 36582. The property sits on a five-acre lot and boasts a 45-foot ceiling height, ideal for heavy-duty operations. The building, constructed in 1977 and extensively renovated in 2024, features 40,000 square feet of climate-controlled space, six craneways, eleven hooks, and a 25-ton maximum lifting capacity. A 30-ton lifting capacity is also available. The property is currently leased to GEXPRO Services under a new 10-year NNN lease commencing April 2025, with two five-year renewal options and a 10% rent increase in year six. The lease provides significant long-term stability and a strong income stream, with a current NOI of $681,000 and a 7.52% cap rate. The asking price is $9,050,000, translating to $100.81 per square foot. GEXPRO Services, a tenant and guarantor, is part of the publicly traded Distribution Solutions Group, adding further security to this investment. The property's strategic location in Theodore, Alabama, offers excellent access to major transportation arteries, including Interstate 10 and the 90 Freeway, providing easy connectivity to the Southeastern US. Theodore's proximity to Mobile, Alabama's third-largest city, and its thriving manufacturing, maritime, logistics, aerospace, and steel industries, further enhances the property's value and potential for future growth.
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Map
- City
- Theodore
- County
- Mobile
- State
- Alabama
- Longitude
- -88.176783076211
- Latitude
- 30.568072881408
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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 I 10 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.
