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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
6237097
6237098

108 Walter Davis Dr, Birmingham, AL 35209

GC
AL 000084543
Moore Company Realty
Listed by Moore Company Realty
$2,300,000
1015 days on market
Updated 29 days ago

108 Walter Davis Dr.

Details
Property Type Industrial
Sub Type Manufacturing
Square Footage 47,100
Units 1
Cap Rate 5.65%
NOI $132,490
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Rent Bumps Yes
Lease Options 4
Price per SqFt $49
Class B
Year Built 1979
Year Renovated 2000
Buildings 3
Stories 1
Acreage 3.020
Zoning I-3: Light Industrial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ceiling Height 24
Loading Docks 2
Dock High Doors 4

Investment Sale Absolute NNN Lease with 2% Annual Increase & 4 (5 Year Options)

Marketing description

Discover an opportunity within the vibrant Birmingham market. Located in Homewood, AL, the area surrounding the property offers a prime location for Industrial/Warehouse/Distribution investors. Embrace the convenience of being near major transportation routes and the Birmingham-Shuttlesworth International Airport. Explore a range of nearby attractions, such as the Birmingham Zoo, Vulcan Park and Museum, and the Birmingham Botanical Gardens. Enjoy the diverse dining and retail options in the thriving downtown area. With its strategic positioning and access to amenities, the location provides an ideal foundation for industrial and commercial success

Investment highlights

  • Investment Sale

  • RENTS BELOW MARKET

  • Absolute NNN Lease with 2% Annual Increase & 4 (5 Year Options)

  • 3 Buildings on three separate Parcels

  • 43,600 SF of Warehouse, 3,500 SF of Office Space

  • Ample onsite parking for employees and customers

  • Dense Retail Corridor Along Interstate 65

  • Near Abutting Railroad

  • The 5-mile trade area is supported by nearly 187,000 residents and more than 225,700 employees with an estimated average household income of $73,374.

  • 1.4± Miles from Interstate I-65 with traffic counts of 124,840 AADT

  • 4.5± Miles from Samford University

  • 10.4± Miles from Birmingham-Shuttlesworth International Airport

Listing Contacts

GC
AL 000084543
Moore Company Realty
Listed by Moore Company Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,490.00
$11,040.83/mo

Valuation Metrics

0
DSCR
5.76%
Cap Rate
5.76%
ROI

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