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24747 Alabama 59
Robertsdale, AL 36567
Asking Price
$6.22M
Cap Rate
6%
Asset Type
Flex Industrial
Class
Class B
What's Special
Industrial | 6.00% CAP | 30,000 SqFt <ul><li>Pricing: $6,216,666</li><li>Size: 6.8 Acres</li><li>Primary Lease Term 12 Years</li><li>Options: 2 x 5 Year Options</li><li>Total GLA: 30,000 SF</li><li>3,750 SF of office showroom</li><li>ESFR Fire Sprinkler</li><li>Slab: 7' thick. 4,000 PSF with wire.</li><li>(4) 20'x 16' wide, overhead doors</li><li>7x10 Dock levelers</li><li>1.5 Acre concrete paved lay down yard</li><li>Located 15 min south of I-65</li><li>Frontage on Hwy 59 +- 20,800 VPD</li></ul>
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NOI
$80,000
Cap Rate
1.29%
DSCR
0.22
Underwater
Cash-on-Cash
-15.50%
Monthly Payment
$30,756.671
Annual Cash Flow
$-289,080.057