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285 Kershaw Industrial Blvd Montgomery, AL 36117

Sponsored
For Sale
$1,199,000

11,250 SF Flex Space, 8% Cap Rate, Sale-Leaseback

Property size:
11,250 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional 11,250-square-foot flex space at 285 Kershaw Industrial Blvd in Montgomery, Alabama, presents a compelling sale-leaseback opportunity. The property, built in 2002, boasts a Class B rating and is situated on a 0.77-acre lot zoned M-1. The single-story building features 16-foot ceilings and two dock-high doors, ideal for various industrial and mixed-use applications. Currently 100% occupied by First Klass Movers under a triple-net (NNN) lease with a three-year term at $8,000 per month, generating a substantial net operating income (NOI) of $96,000 and an attractive 8.00% capitalization rate. The asking price is $1,199,000. This property offers a strong return on investment with the added benefit of a long-term lease in place. Its convenient location, less than two miles from I-85, provides excellent access to major transportation routes, enhancing its appeal and potential for future growth. The property's single-tenant occupancy minimizes management complexities, making it an attractive option for investors seeking a stable and profitable asset. This sale-leaseback presents a unique opportunity to acquire a well-located, income-producing industrial property with a strong tenant in place.

Property Features for 285 Kershaw Industrial Blvd

General Information

Property type
Flex space
Square Feet
11,250 SF
Class
B
Lot Size
33,541 SF

Building Details

Year Built
2002
Buildings
1
Stories
1

HighLights

  • Less than 2 miles to I‑85.
Property Profile Location Intelligence

Current Use by Public Records

BAPS Shri Swaminarayan ... Hindu Temple

Suggested Use

Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Montgomery
County
Montgomery
State
Alabama
Longitude
-86.1180149
Latitude
32.3652958

FAQs

What type of property is this?
Flex space - 11,250 SF Flex Space, 8% Cap Rate, Sale-Leaseback
Where is this flex space located?
The property is located at 285 Kershaw Industrial Blvd Montgomery, AL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Less than 2 miles to I-85.; ;
More about this property
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