Property summary
This exceptional investment opportunity presents a 899,324-square-foot, fully occupied, multi-tenant distribution center situated on 129 acres in Bay Minette, Alabama. The property boasts two buildings, constructed in 1980, and features dedicated trailer parking and container storage areas. A separate 30,644-square-foot office building complements the warehouse space. The property benefits from a prime location less than eight miles from I-65 and 27 miles from the Port of Mobile, the second fastest-growing port in the nation. Located within the Daphne-Fairhope-Foley MSA, one of the top ten fastest-growing metros in 2023, this asset is situated in a high-growth market characterized by strong occupancy rates and diverse industrial activity. The expansive 129-acre site includes over 100 acres of forested land, presenting significant future development potential. Currently housing three tenants, this property offers investors an attractive yield with considerable upside potential due to below-market rents in a supply-constrained coastal market. The property's size, at approximately 899,324 square feet, makes it one of the largest industrial assets in Baldwin County. Access to major interstates, including I-65 (less than 15 minutes away) and I-10 (approximately 20 minutes away), further enhances its strategic value. The existing yard and developable acreage offer potential for increased container storage. This is a Core+ investment with a NNN lease structure.
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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