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22843332
22843334

960 Lagoon Business Loop, Montgomery, AL 36109

MP
AL 000047562
Leitman-Perlman, Inc
Listed by Leitman-Perlman, Inc
$2,236,000
1036 days on market
Updated 53 days ago

960 Lagoon Business Loop

Details
Property Type Industrial, Mixed Use (+1)
Sub Type Distribution, Storefront (+1)
Square Footage 15,625
Units 1
Cap Rate 5.50%
NOI $123,000
Occupancy 100%
Tenancy Single
Brand/Tenant Noland Company
Lease Type NNN
Lease Term 5
Lease Expiration 03/31/2028
Remaining Term 1.8
Broker Co-Op No
Class A
Year Built 2008
Year Renovated 2019
Buildings 1
Stories 1
Acreage 1.380
Zoning M-1
Parking Spaces 20 spaces
Parking Per SqFt 1.28
Investment Type Net Lease
Dock High Doors 3

Industrial | 5.50% CAP | 15,625 SF

Marketing description

PRICE REDUCED to $2,236,000!

Welcome to a remarkable industrial property that promises both stability and growth. Nestled within a bustling industrial corridor, this 15,625 SF building is now available at a reduced price of $2,236,000, down from $2,460,000. This is your chance to secure a valuable asset with a national credit tenant on a corporate NNN lease, ensuring reliable income with minimal landlord responsibilities.

Property Highlights:

  • Size: Spanning 15,625 square feet, this industrial building offers ample space for various operations.

  • Lease Details: The property is leased to a national credit tenant on a corporate NNN lease, with the term extending until March 31, 2028. As the landlord, your only obligations are the structure and roof, making this a hassle-free investment.

  • Parking and Accessibility: Enjoy convenient parking in the front, along with three loading docks and one drive-in door at the rear, providing seamless access for deliveries and shipments.

  • Storage: The property boasts ample space for equipment storage, catering to all your industrial needs.

Investment highlights

Location Benefits:

  • Industrial Corridor: Situated within a vibrant industrial area, this property is surrounded by businesses that drive economic activity.

  • Nearby Amenities: Several restaurants are located nearby, offering convenient dining options for employees and visitors.

  • Scenic Views: The property backs up to the picturesque Lagoon Park Golf Course, adding a touch of tranquility to the industrial setting.

Listing Contacts

MP
AL 000047562
Leitman-Perlman, Inc
Listed by Leitman-Perlman, Inc

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$123,000.00
$10,250.00/mo

Valuation Metrics

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DSCR
5.5%
Cap Rate
5.5%
ROI

Map

Zoning

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M-1 IndustrialLight IndustrialLight Industry
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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