18587 Co Rd Summerdale, AL 36580
- Self storage facilities
- 200,000 SF
- 6.50 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 18587 Co Rd
- Year built
- 2023
- Lot size
- 6.50 lot acres
- Property size
- 200,000 SF
- Property type
- Self storage facilities
- Property subtype
- Industrial properties
Description
This exceptional Class A, stabilized investment opportunity presents a 200,000 square foot, multi-tenant industrial/self-storage facility in Summerdale, Alabama. Built in 2023, this property sits on 6.5 acres and features 190 units (110 covered, 80 uncovered) with 190 parking spaces, offering 106,875 square feet of net rentable space. Currently operating at 80% occupancy, generating a $190,000 NOI and a 7.24% cap rate, the asking price is $2,625,000 ($13.12/sq ft and $13,815.79/unit). Located at 18587 Co Rd 32, Summerdale, AL 36580 (APN: 05-48-09-31-4-000-005.005), this B-2 zoned property benefits from its prime location near Hwy 59 and County Road 32, offering excellent visibility and accessibility. The property boasts 24-hour gated access, monthly/yearly lease options, and strong potential for future expansion. The facility's proximity to Gulf Shores (17 miles) and a growing population/tourist traffic in Baldwin County ensures consistent demand. This is a full ownership, absolute NNN lease property, ideal for investors seeking a high-yield, low-maintenance investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Summerdale
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.7074
- Latitude
- 30.4744
