2039 Broad St, Unit 86 Mobile, AL 36615-1286

Property Details for 2039 Broad St

Year built

2019

Lot size

93.54 lot acres

Property size

277,093 SF

Property type

Manufacturing properties

APN

32 01 52 0 004 001.003

APU

3201520004001003

Description

This exceptional investment opportunity presents a 272,576-square-foot Class B industrial manufacturing facility in Mobile, Alabama. Built in 2019, this single-tenant, net-lease property boasts a 19.8-year remaining lease term (expiring August 31, 2044) with Continental Aerospace Technologies, a globally recognized leader in piston engine development and services. The lease features 2% annual rent bumps and two, five-year renewal options. The property sits on an 18.54-acre lot within the Mobile Aeroplex at Brookley, a thriving industrial complex offering excellent access to major transportation arteries, including Interstates 10, 65, and 165, the Port of Mobile, and Mobile International Airport. The building includes six dock-high doors and a 27.30-foot ceiling height, along with 653 parking spaces. The property is situated in an Opportunity Zone and benefits from a ground lease expiring July 29, 2093. Assumable financing is available with an unpaid balance of $18,759,044, an annual payment of $1,432,148, a 4.63% interest rate, a 25-year amortization, and a loan expiration date of November 1, 2029. This is a rare chance to acquire a high-quality, mission-critical asset with a strong tenant and significant long-term growth potential. The property's strategic location within a rapidly expanding industrial hub, coupled with the tenant's market dominance, makes this an attractive investment for discerning buyers.

Location Insight

City

Mobile

County

Mobile

State

Alabama

Longitude

-88.0744

Latitude

30.644

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments