for Sale New! AL Industrial Site 35k SF
35,000 SF | Industrial Building | Gadsden, AL 35904 | $2,450,000 ($70/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,450,000
- Property Type
-
Industrial
- Price / Square Foot
- $70
Listing Contacts
Judd Dunning
Verified Profile
Ryan Billings
Verified Profile
- Property Info
Property Overview
Asking Price: $2,450,000 | NEW 10%+ REDUCTION (*Seller Motivated!) Submit your highest and best offer.
Below Replacement Cost NOW @ $70/SF
Lot Size: ±35,000 square feet | ±4.94 acres
Year Built: 1992
Location: ±1 mile apart from sister site (1109 Airport Industrial Dr) – ideal for one larger company or separate operations
Features: Ample space for expansion & heavy machinery electrical capacity in place
Vacancy Rate: 3.3% & 12.6% annual rent growth
Additional Benefits: Valuable in-place cranes and loading areas; potential short-term sale-leaseback
Strategic Location: 1 hour from Birmingham MSA & 2 hours from Atlanta MSA, superior access by I-759 & I-59
Market: Top-10 affordable US housing market with limited CRE inventory for sale
Thank you for your interest in DWG Capital Group’s exclusive industrial listing, led by Principal Judd Dunning (formerly with Newmark ARA). We are pleased to offer a unique investment opportunity located at 125 Thomas Drive, Gadsden, AL. Available for just $70/SF, totaling $2,450,000, presenting exceptional value well below replacement cost.
Location: Located in Gadsden, AL, this property offers excellent access to major highways I-759 and I-59, just one hour from Birmingham and two hours from Atlanta. This opportunity is ideal for businesses needing efficient transportation and logistics solutions or investors seeking to re-tenant and generate cash flow.
The Property: (Make Best Offer) This industrial property 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 $2,450,000.
The Region: Nearby Birmingham, one of the nation’s Top-10 affordable housing markets remains a highly-functional and favorable environment. 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 property in this portfolio is 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 closing.
DWG Capital Group
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
Below Replacement Cost NOW @ $70/SF
Lot Size: ±35,000 square feet | ±4.94 acres
Year Built: 1992
Location: ±1 mile apart from sister site (1109 Airport Industrial Dr) – ideal for one larger company or separate operations
Features: Ample space for expansion & heavy machinery electrical capacity in place
Vacancy Rate: 3.3% & 12.6% annual rent growth
Additional Benefits: Valuable in-place cranes and loading areas; potential short-term sale-leaseback
Strategic Location: 1 hour from Birmingham MSA & 2 hours from Atlanta MSA, superior access by I-759 & I-59
Market: Top-10 affordable US housing market with limited CRE inventory for sale
Thank you for your interest in DWG Capital Group’s exclusive industrial listing, led by Principal Judd Dunning (formerly with Newmark ARA). We are pleased to offer a unique investment opportunity located at 125 Thomas Drive, Gadsden, AL. Available for just $70/SF, totaling $2,450,000, presenting exceptional value well below replacement cost.
Location: Located in Gadsden, AL, this property offers excellent access to major highways I-759 and I-59, just one hour from Birmingham and two hours from Atlanta. This opportunity is ideal for businesses needing efficient transportation and logistics solutions or investors seeking to re-tenant and generate cash flow.
The Property: (Make Best Offer) This industrial property 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 $2,450,000.
The Region: Nearby Birmingham, one of the nation’s Top-10 affordable housing markets remains a highly-functional and favorable environment. 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 property in this portfolio is 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 closing.
DWG Capital Group
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
- 1992
- Stories
- 1
- Property Subtype
- Manufacturing
- Lot Size (sq. ft)
- 215,186 SF
Highlights
- Asking Price: $2,450,000 | NEW 10%+ REDUCTION (*Seller Motivated!) Submit your highest and best offer.
- Below Replacement Cost NOW @ $70/SF
- Location: ±1 mile apart from sister site (1109 Airport Industrial Dr) – ideal for one larger company or separate operations
- Features: Ample space for expansion & heavy machinery electrical capacity in place
- Vacancy Rate: 3.3% & 12.6% annual rent growth
- Valuable in-place cranes and loading areas; potential short-term sale-leaseback
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