This exceptional investment opportunity presents a 89,770 square foot Class C industrial manufacturing facility located at 5890 I-10 Industrial Pkwy S, Theodore, Alabama 36582. The property sits on a five-acre lot and boasts a 45-foot ceiling height, ideal for heavy-duty operations. The building, constructed in 1977 and extensively renovated in 2024, features 40,000 square feet of climate-controlled space, six craneways, eleven hooks, and a 25-ton maximum lifting capacity. A 30-ton lifting capacity is also available. The property is currently leased to GEXPRO Services under a new 10-year NNN lease commencing April 2025, with two five-year renewal options and a 10% rent increase in year six. The lease provides significant long-term stability and a strong income stream, with a current NOI of $681,000 and a 7.52% cap rate. The asking price is $9,050,000, translating to $100.81 per square foot. GEXPRO Services, a tenant and guarantor, is part of the publicly traded Distribution Solutions Group, adding further security to this investment. The property's strategic location in Theodore, Alabama, offers excellent access to major transportation arteries, including Interstate 10 and the 90 Freeway, providing easy connectivity to the Southeastern US. Theodore's proximity to Mobile, Alabama's third-largest city, and its thriving manufacturing, maritime, logistics, aerospace, and steel industries, further enhances the property's value and potential for future growth.
Highlights
89,770 SF Class C industrial manufacturing facility on a 5-acre lot in Theodore, AL.
45' ceiling height, 40,000 SF climate-controlled space, six craneways, eleven hooks, and 25-ton (plus 30-ton available) lifting capacity.
New 10-year NNN lease with GEXPRO Services (a subsidiary of publicly traded Distribution Solutions Group) commencing April 2025, including two 5-year renewal options and a 10% rent increase in year six.
$9,050,000 asking price ($100.81/SF), $681,000 NOI, 7.52% cap rate.
Excellent access to I-10 and proximity to Mobile, AL.
Property Details
for 5890 I 10 Industrial Pkwy
Property type
Industrial properties, Manufacturing properties
Square Feet
89,770 SF
Class
C
Year Built/Renovated
1977/2024
Stories
2
Lot Size (sq. ft)
217,800 SF
Location Insight
City
Theodore
County
Mobile
State
Alabama
Latitude
30.568072881408
Longitude
-88.176783076211
5890 I 10 Industrial Pkwy, Theodore, Alabama
Nearby Similar for Sale
For Sale
$8,900,000
117,500 SF Industrial on 88 AC | Dawes Rd, Theodore For Sale
117,500 SF Industrial on 88 AC | Dawes Rd, Theodore For Sale
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Contacts
Justin White
Axel Adler
Centennial Admin
Visit Broker Website
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5890 I 10 Industrial Pkwy, Theodore, Alabama, 36582
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5890 I 10 Industrial Pkwy
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