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28666839
28666840

1820 Ridgeway E, Montgomery, AL 36110

PP
AL 156372-1
Moore Company Realty
Listed by Moore Company Realty
$1,700,000
191 days on market
Updated 0 days ago

1820 Ridgeway E

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 14,666
Cap Rate 8.5%
NOI $144,500
Occupancy 100%
Tenancy Single
Brand/Tenant Shearer Supply
Lease Type NNN
Remaining Term 4
Price per SqFt $116
Acreage 2.450
Zoning M-1
Investment Type Core
Ceiling Height 20
Loading Docks 2
Dock High Doors 2

Industrial | 8.50% CAP | 14,666 SqFt

Marketing description

1820 Ridgeway E offers a strong industrial investment opportunity with Shearer Supply in place and 3.5 years remaining on the current lease. The property features 20’ clear ceilings, two roll-up doors nad two dock highs, and a functional combination of warehouse space complemented by approximately 2,200 SF of office area. Strategically positioned within a Montgomery Industrial/Office Park, the site provides excellent accessibility—located just one mile from the Northern Boulevard and within easy reach of both I-65 and I-85.

Investment highlights

  • Fully Leased Investment: Current tenant, Shearer Supply, with 3.5 years remaining on the lease

  • Tenant and its predecessor company have occupied the property since 2006

  • Tenant will agree to modify the lease to provide one 5 year renewal option.

  • Property was expanded in 2012 by 4,000 and there is surplus property for further expansion or laydown yard.

  • Functional Industrial Layout: 20' clear ceilings ideal for storage and distribution

  • Ample Access: 2 roll-up doors and 2 dock highs, providing efficient loading and unloading

  • Versatile Space Mix: Expansive warehouse area with 2,200± SF of office space

  • ± 1 mile to the Northern Blvd

Listing Contacts

PP
AL 156372-1
Moore Company Realty
Listed by Moore Company Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$144,500.00
$12,041.67/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Perry Patino
License
156372-1
Brokerage Phone
3342621958
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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