For Sale
$2,625,000

18587 Co RdSummerdale, AL 36580

High-return RV & boat storage facility

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A, stabilized investment opportunity presents a 200,000 square foot, multi-tenant industrial/self-storage facility in Summerdale, Alabama. Built in 2023, this property sits on 6.5 acres and features 190 units (110 covered, 80 uncovered) with 190 parking spaces, offering 106,875 square feet of net rentable space. Currently operating at 80% occupancy, generating a $190,000 NOI and a 7.24% cap rate, the asking price is $2,625,000 ($13.12/sq ft and $13,815.79/unit). Located at 18587 Co Rd 32, Summerdale, AL 36580 (APN: 05-48-09-31-4-000-005.005), this B-2 zoned property benefits from its prime location near Hwy 59 and County Road 32, offering excellent visibility and accessibility. The property boasts 24-hour gated access, monthly/yearly lease options, and strong potential for future expansion. The facility's proximity to Gulf Shores (17 miles) and a growing population/tourist traffic in Baldwin County ensures consistent demand. This is a full ownership, absolute NNN lease property, ideal for investors seeking a high-yield, low-maintenance investment.

Highlights

  • State-of-the-art facility, opened April 2023.
  • Potential for future expansion.
  • Conveniently located 17 miles from Gulf Shores.
  • Excellent demographics, benefiting from consistent population growth and high tourist volume.

Property Details for 18587 Co Rd

Property type
Self storage facilities, Industrial properties
Square Feet
200,000 SF
Class
A
Year Built
2023
Lot Size (sq. ft)
283,140 SF
Units
190

Location Insight

City
Summerdale
County
Baldwin
State
Alabama
Latitude
30.474422
Longitude
-87.707433
18587 Co Rd, Summerdale, Alabama

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
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.
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 unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
18587 Co Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message