1401 Meadowcraft Rd Birmingham, AL 35215-4143

Property Details for 1401 Meadowcraft Rd

Year built

1969

Lot size

20.32 lot acres

Property size

11,954 SF

Zone code

I4

Property type

Warehouses

APN

13-00-15-4-000-002.000

APU

1300154000002000

Description

This exceptional investment opportunity presents a 75,650 square foot multi-tenant industrial property situated on 20.32 acres in Birmingham, Alabama. The property consists of two single-story buildings, built in 1969, and features two loading docks. Currently, 85% occupied, the property boasts a long-term, corporate-guaranteed lease with a major tenant, The A588 & A572 Steel Company, in place until October 31, 2031. This stabilized investment offers a current NOI of $123,036 and a pro-forma NOI of $365,036, resulting in a current cap rate of 3.24% and a pro-forma cap rate of 9.61%. The asking price is $3,800,000, translating to $50.23 per square foot and $187,008 per acre. The property is strategically located in the Pinson Valley Parkway Industrial Corridor, providing easy access to major transportation routes and Birmingham International Airport. An additional approximately 4-acre pad site offers significant potential for future expansion or material laydown. This property is a compelling investment opportunity in a rapidly growing market, offering a blend of stable income and significant upside potential. The lease is a net lease. The property's APN is 13-00-15-4-000-002.000. There is no ground lease.

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Longitude

-86.7283

Latitude

33.6404

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments