6717 Al-157 Cullman, AL 35057
- Warehouses
- 122,899 SF
- 37.44 lot acres
Current Use by Public Records
- Warehouses
Property Details for 6717 Al-157
- Year built
- 1974
- Lot size
- 37.44 lot acres
- Property size
- 122,899 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 122,899-square-foot industrial property in Cullman, Alabama. The property, a flex/warehouse space, sits on a 37.44-acre lot and boasts 120,000 square feet of net rentable area. Currently 100% occupied by General Dynamics, a globally recognized leader in imaging solutions, under a triple-net (NNN) lease, this asset offers significant long-term stability. The lease commenced June 14, 2007, and includes a five-year renewal option, extending the lease to June 13, 2027. The building, constructed in 1974 and renovated in 2018, features four stories with ceiling heights ranging from 18 to 25 feet. Ample parking is provided with 256 spaces. The property is zoned I-1 (Industrial) and benefits from a prime location in Cullman County, offering easy access to I-65, strategically positioned between Birmingham and Huntsville. The strong tenant history, coupled with the high-quality improvements and favorable lease terms, makes this a compelling investment opportunity with a current Net Operating Income (NOI) of $376,917.25 and an asking price of $6,500,000. The property is offered debt-free, further enhancing its appeal. This is a rare chance to acquire a well-located, high-performing industrial asset with a blue-chip tenant and a significant remaining lease term.
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
- Cullman
- County
- Cullman
- State
- Alabama
- Longitude
- -86.8888
- Latitude
- 34.209
