Technical
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Property profile

1870 Al-22 Alexander City, AL 35010

OFF-MARKET
Warehouses
156,040 SF 12.7 ac lot Built 1990
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Property summary

AI-generated overview

This exceptional 156,040-square-foot industrial warehouse, formerly occupied by Russell Athletic and Fruit of the Loom, presents a significant investment opportunity in Alexander City, Alabama. Situated on 12.7 acres, the property boasts 10 dock-high doors, providing efficient loading and unloading capabilities. The building features a 24-foot ceiling height, ample space for storage and operations, and includes 6 offices, 2 breakrooms, and 2 conference rooms. The warehouse is equipped with a state-of-the-art Tyco 100% wet fire sprinkler system and 5 large air-moving fans for optimal climate control. Power is supplied by a 480-volt, 3-phase system. The property is zoned L-1 and is conveniently located approximately 0.6 miles from US Highway 280, a major thoroughfare connecting Birmingham and Auburn, Alabama. Its proximity to Lake Martin, a renowned recreational area, adds to its appeal. The asking price for this Class B, single-story building is $4,400,000. This property offers significant potential for a variety of industrial and distribution uses, benefiting from its size, location, and existing infrastructure. The property is currently vacant, allowing for immediate occupancy and customization to meet specific business needs. The strategic location provides easy access to major transportation routes and a vibrant surrounding community.

Property profile

Verified
Property type Warehouses
Year built 1990
Total area 156,040 SF
Lot 12.7 ac (553,212 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1870 Al-22 Alexander City, AL 35010
Alexander City metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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