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    2117 Mcmillan St Auburn, AL 36832

    For Lease
    $5 SF/Yr

    Large Industrial Space Available

    Lot size:
    75,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This Auburn, Alabama industrial property, the McMillan Warehouse, offers 55,000 square feet of immediately available space in a 75,000 square foot building situated on 5.3 acres. The Class B building, constructed in 1999, features two single-story structures with a total of two suites. The expansive space includes twelve dock-high doors and two drive-in doors, ideal for efficient loading and unloading. Ceiling heights range from 16 to 21 feet, with a 20-foot eave height. Amenities include approximately 2,420 square feet of conditioned space, three restrooms (two with showers and lockers), and two small offices (105 and 120 square feet). The property is equipped with a sprinkler system. The minimum divisible space is 20,000 square feet, with a maximum contiguous space of 55,000 square feet. The property is zoned for industrial use and is offered on a triple-net lease basis, with an estimated annual CAM, tax, and insurance cost of $0.65 per square foot. The owner will consider leasing smaller portions of the available space, approximately 27,500 square feet each, at an annual rate of $6.50 per square foot on a triple-net basis, with a 3% annual rental increase. The property's address is 2117 McMillan St, Auburn, AL 36832, and its APN is 43-08-08-34-0-000-001.008.

    Property Features for 2117 Mcmillan St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    75,000 SF
    Class
    B
    Total Rate
    34375

    Building Details

    Year Built
    1999
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    55,000 SF
    Rate per SF
    $5

    HighLights

    • 55,000 SF of immediately available industrial space in a 75,000 SF building.
    • Class B building, built in 1999, on a 5.3‑acre lot.
    • Features 12 dock‑high doors and 2 drive‑in doors, 16‑21' ceiling heights (20' eaves).
    • Includes 2,420 SF of conditioned space, 3 restrooms (2 with showers/lockers), and 2 small offices.
    • Minimum divisible space is 20,000 SF, maximum contiguous is 55,000 SF; triple‑net lease; $0.65/SF estimated annual NNN expense.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Pharmacy Department Store Kitchen & Bath Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Lee
    State
    Alabama
    Longitude
    -85.530810628805
    Latitude
    32.596371935454

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    FAQs

    What type of property is this?
    Distribution property - Large Industrial Space Available
    Where is this distribution property located?
    The property is located at 2117 Mcmillan St Auburn, AL.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 55,000 SF of immediately available industrial space in a 75,000 SF building.; Class B building, built in 1999, on a 5.3-acre lot.; Features 12 dock-high doors and 2 drive-in doors, 16-21' ceiling heights (20' eaves).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2117 Mcmillan St Auburn, AL 36832
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