for Sale New! AL Industrial Site +/- 27k SF
26,592 SF | Industrial Building | Gadsden, AL 35904 | $2,088,563 ($79/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,088,563
- Property Type
-
Industrial
- Price / Square Foot
- $79
Listing Contacts
Judd Dunning
Verified Profile
Ryan Billings
Verified Profile
- Property Info
Property Overview
DWG Capital Group: Investment Sales. Capital Markets. Done.
DWG Capital Group (formerly of Newmark ARA), as exclusive advisor, is pleased to present this superior investment opportunity: a 2-building industrial investor or owner-user portfolio for sale. The properties can be purchased separately or as a combined portfolio significantly below replacement cost. The properties are also available for lease under the appropriate offer and terms.
Location: The portfolio consists of two warehouse/office properties with a combined total of ±61,592 SF, offering ample space for building expansions. The properties are situated in Gadsden, AL, just one hour from Birmingham and two hours from Atlanta via easy access to major highways I-759 and I-59. This location is ideal for businesses in need of efficient transportation and logistics solutions or for a local or sophisticated investor seeking to re-tenant and cashflow/profit.
The Properties: (Make Best Offers) This industrial portfolio features two outstanding properties in Gadsden, AL. Building 1, at 125 Thomas Dr, provides a spacious 35,000 square feet on a 4.94-acre lot. Constructed in 1992, this well-maintained property is listed at $2,748,690. Building 2, located at 1109 Airport Industrial Dr, encompasses 26,592 square feet of space on a generous 12-acre lot. Built in 2005, this modern facility is priced at $2,088,563. Both properties offer ample space and excellent facilities, catering to a wide range of industrial and commercial requirements.
The Market: Birmingham is one of the nation’s Top-10 affordable housing markets. The market remains robust, creating a favorable environment for these properties. Driven by increasing demand from logistics providers and a growing manufacturing landscape, the market is thriving. The city's vacancy rate maintains a historically low level of approximately 3.3%, allowing property owners to capitalize on rising prices. Rents have experienced a remarkable year-over-year growth rate of around 12.6%.
For New Tenancy: The properties in this portfolio are ready for immediate move-in, offering convenience and flexibility for potential tenants and buyers. The seller is willing to consider a short-term leaseback arrangement, if needed, to accommodate new tenants after the closing.
Contact Us to Learn More
DWG Capital Group (formerly of Newmark/ARA)
Phone: 972.738.8586
Phone: 310.261.8428
Email: [email protected]
Our team looks forward to your continued business in 2024.
Specializing in:
Multifamily
Development
Industrial
Office
Retail
Debt & Equity
DWG Capital Group (formerly of Newmark ARA), as exclusive advisor, is pleased to present this superior investment opportunity: a 2-building industrial investor or owner-user portfolio for sale. The properties can be purchased separately or as a combined portfolio significantly below replacement cost. The properties are also available for lease under the appropriate offer and terms.
Location: The portfolio consists of two warehouse/office properties with a combined total of ±61,592 SF, offering ample space for building expansions. The properties are situated in Gadsden, AL, just one hour from Birmingham and two hours from Atlanta via easy access to major highways I-759 and I-59. This location is ideal for businesses in need of efficient transportation and logistics solutions or for a local or sophisticated investor seeking to re-tenant and cashflow/profit.
The Properties: (Make Best Offers) This industrial portfolio features two outstanding properties in Gadsden, AL. Building 1, at 125 Thomas Dr, provides a spacious 35,000 square feet on a 4.94-acre lot. Constructed in 1992, this well-maintained property is listed at $2,748,690. Building 2, located at 1109 Airport Industrial Dr, encompasses 26,592 square feet of space on a generous 12-acre lot. Built in 2005, this modern facility is priced at $2,088,563. Both properties offer ample space and excellent facilities, catering to a wide range of industrial and commercial requirements.
The Market: Birmingham is one of the nation’s Top-10 affordable housing markets. The market remains robust, creating a favorable environment for these properties. Driven by increasing demand from logistics providers and a growing manufacturing landscape, the market is thriving. The city's vacancy rate maintains a historically low level of approximately 3.3%, allowing property owners to capitalize on rising prices. Rents have experienced a remarkable year-over-year growth rate of around 12.6%.
For New Tenancy: The properties in this portfolio are ready for immediate move-in, offering convenience and flexibility for potential tenants and buyers. The seller is willing to consider a short-term leaseback arrangement, if needed, to accommodate new tenants after the closing.
Contact Us to Learn More
DWG Capital Group (formerly of Newmark/ARA)
Phone: 972.738.8586
Phone: 310.261.8428
Email: [email protected]
Our team looks forward to your continued business in 2024.
Specializing in:
Multifamily
Development
Industrial
Office
Retail
Debt & Equity
Property Details
- Class
- B
- Year Built
- 2005
- Stories
- 1
- Property Subtype
- Manufacturing
- Lot Size (sq. ft)
- 522,720 SF
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