For Sale
$2,100,000

15894 Lucas Ferry RdAthens, AL 35611

High-Cap Rate Industrial Warehouse, 74,475 SF

Overview

Added:
Dec 11, 2024
Days on market:
123
Exceptional investment opportunity: a 74,475-square-foot industrial warehouse in Athens, Alabama, listed at $2,100,000, offering an 8.00% cap rate. This property comprises two buildings situated on a 14.23-acre lot. Building One boasts 39,750 square feet, featuring 16- to 32-foot ceiling heights, three dock-high doors with levelers, two grade-level doors, a dry sprinkler system, insulated metal construction, a well-maintained office, and ample concrete yard space. Building Two offers 34,725 square feet, partially insulated metal construction, dock-high and grade-level loading, and a brick façade around the office area, along with additional concrete yard space. Both buildings benefit from 3-phase power. The property includes over 7 acres of excess land, ideal for future expansion or additional yard space. The seller is open to a leaseback agreement for up to 18 months at $2.25 per square foot, triple net (NNN). This presents a compelling opportunity for both investors and owner-users seeking a strong return and potential for future growth. The property features three dock-high doors.

Highlights

  • 74,475 SF industrial warehouse in Athens, AL, listed at $2,100,000 with an 8.00% cap rate.
  • Two buildings on a 14.23-acre lot.
  • Building One: 39,750 SF, 16-32' ceilings, three dock-high doors with levelers, two grade-level doors, dry sprinkler system, and ample concrete yard.
  • Building Two: 34,725 SF, dock-high and grade-level loading, and additional concrete yard.
  • Both buildings feature 3-phase power and over 7 acres of excess land.
  • Seller open to an 18-month leaseback at $2.25/SF, NNN.

Property Details for 15894 Lucas Ferry Rd

Property type
Warehouses, Industrial properties
Square Feet
74,475 SF
Buildings
2
Lot Size (sq. ft)
619,859 SF

Location Insight

City
Athens
County
Limestone
State
Alabama
Latitude
34.788505
Longitude
-87.00051
15894 Lucas Ferry Rd, Athens, Alabama

FAQs

What type of property is this?
Warehouse - High-Cap Rate Industrial Warehouse, 74,475 SF
Where is the warehouse located?
The property is located at 15894 Lucas Ferry Rd Athens, AL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 74,475 SF industrial warehouse in Athens, AL, listed at $2,100,000 with an 8.00% cap rate.; Two buildings on a 14.23-acre lot.; Building One: 39,750 SF, 16-32' ceilings, three dock-high doors with levelers, two grade-level doors, dry sprinkler system, and ample concrete yard.
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15894 Lucas Ferry Rd
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