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26894256
26894257

5323 Wares Ferry Road, Montgomery, AL 36109

Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$950,000
271 days on market
Updated 105 days ago

$100,000 Price Reduction - 8.22% CAP - Additional Upside

Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 18,000
Net Rentable (SqFt) 18,000
Units 12
Cap Rate 8.22%
NOI $78,134
Occupancy 91.67%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 11.77%
Pro-Forma NOI $111,770
Price per SqFt $53
Broker Co-Op Yes
Year Built 1980
Stories 1
Acreage 1.900
Investment Type Value Add
Dock High Doors 12

11.77% Pro Forma CAP

Marketing description

Marcus & Millichap is pleased to present Eastdale Flex, a 18,000 square foot industrial/flex property built in 1980 and positioned on 1.9 acres. The property enjoys excellent visibility from Wares Ferry Road, with convenient access to I-85 and U.S. Highway 231. This versatile flex property is ideal for a variety of business uses which should allow access to the immediate upside through leasing the vacant unit and raising rents to market.

Investment highlights

  • 18,000 Square Foot Value Add Flex Opportunity on 1.9 Acres

  • Each Unit is Equipped with a Grade Level Roll-Up Door

  • Immediate Upside Through Leasing Vacant Unit and Raising Rents to Market

  • Six of the Units, Including the Vacant Unit, have been Completely Renovated and are Ready to Lease

  • Versatile Flex Property Ideal for a Variety of Business Needs

  • Excellent visibility from Wares Ferry Road, with Convenient Access to I-85 and U.S. Highway 231

Listing Contacts

Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,134.00
$6,511.17/mo

Valuation Metrics

0
DSCR
8.22%
Cap Rate
8.22%
ROI

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Additional Information

Name
Eddie Greenhalgh
License
0000882980
Brokerage Phone
205.510.9200
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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