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Shipyard Road
Mobile, AL 36619
Asking Price
$1.50M
Cap Rate
10%
Asset Type
Distribution Industrial
Class
Class B
What's Special
Excellent site for logistic oriented development <p>14.4± ACRES IN I-10/ RANGELINE ROAD INTERCHANGE, 2 PAVED STREET FRONTAGES, 700'+ OF FRONTAGE ON CYPRESS DRIVE, 700±' OF FRONTAGE ON CROWN DR, ALL UTILITIES, CURB AND GUTTER IN PLACE: FULLY DEVELOPED SITE, B5/ ZONING (WAREHOUSE/DISTRIBUTION) (DESIGNATED HEAVY INDUSTRIAL IN FUTURE LAND USE MAP), CRITICAL CORPS PERMITS IN PLACE (TWO PERMITTED ACCESSES FROM CROWN DRIVE), 1ST EXIT WEST OF I-65, 2ND EXIT WEST OF AEROPLEX, 3RD EXIT WEST OF INTERMODAL TERMINAL. ACROSS THE STREET FROM NEW AMAZON FULFI
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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179
