Property summary
This exceptional 19-acre industrial complex in Decatur, Alabama, presents a compelling net lease investment opportunity. The property comprises nine single-story buildings totaling 47,850 net rentable square feet, currently 100% occupied across ten units. Built in 2007, the Class B complex boasts 5 loading docks and 16 dock-high doors, providing ample functionality for manufacturing, R&D, and warehousing operations. With 50 parking spaces and a strategic location on State Highway 20 (estimated 18,530 daily vehicles), the property enjoys high visibility and accessibility. The current NOI is $268,764, yielding a 6.32% cap rate, with a pro-forma NOI of $280,764 and a pro-forma cap rate of 6.61%. The asking price is $4,250,000, or $88.82 per square foot, and $425,000 per unit. An adjacent 8,500-square-foot property with potential for a 20,000-square-foot expansion is also available for purchase as a package deal for an additional $950,000. This presents a significant value-add opportunity for investors seeking a high-performing, multi-tenant industrial portfolio in a thriving industrial area near major corporations such as 3M, United Launch Alliance, and RUAG Space USA. The property offers significant potential for future expansion and increased revenue generation.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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