266 Industrial DrRainsville, AL 35986

For Sale
$700,000
Property records and analytics
17,000 SF Flex Space, $700K

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 17,000 square foot flex space building situated on a 3.5-acre lot in the Rainsville Industrial Park at 266 Industrial Dr, Rainsville, AL 35986. Built in 1992, the property boasts 455 feet of prime road frontage, offering high visibility and ample parking. Currently, 6,000 square feet (37.5%) is leased under a triple net (NNN) lease to a single tenant with a remaining lease term of approximately 3.9 years, expiring November 1, 2028. The lease commenced July 24, 2023, and has a total term of 5.3 years. The asking price is $700,000, translating to $41.18 per square foot. The property's versatile design makes it suitable for a variety of industrial or office uses. The building includes one loading dock. This property offers immediate income potential and is located in a growing area, making it an attractive investment prospect. The property is zoned for industrial and office use.

Highlights

  • $700,000 asking price for a 17,000 SF flex space in Rainsville, AL.
  • NNN lease, multi-tenant (currently 1 tenant), 3.9 years remaining on a 5.3-year lease (commencing 07/24/2023, expiring 11/01/2028).
  • 37.5% occupancy; 6,000 SF currently leased.
  • $41.18/SF; 3.5-acre lot; 1 loading dock.
  • Built in 1992; located at 266 Industrial Dr, Rainsville, AL 35986.

Property Details for 266 Industrial Dr

Property type
Office properties, Industrial properties
Square Feet
17,000 SF
Year Built
1992
Lot Size (sq. ft)
152,460 SF

Location Insight

City
Rainsville
County
DeKalb
State
Alabama
Latitude
34.489473
Longitude
-85.825372
266 Industrial Dr, Rainsville, Alabama

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FAQs

What type of property is this?
Office property - 17,000 SF Flex Space, $700K
Where is the office property located?
The property is located at 266 Industrial Dr Rainsville, AL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: $700,000 asking price for a 17,000 SF flex space in Rainsville, AL.; NNN lease, multi-tenant (currently 1 tenant), 3.9 years remaining on a 5.3-year lease (commencing 07/24/2023, expiring 11/01/2028).; 37.5% occupancy; 6,000 SF currently leased.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Kyra Locurcio
Kyra Locurcio
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Industrial Dr
Rainsville, AL 35986

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

266 Industrial Dr
  • Kyra Locurcio
    Kyra Locurcio
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