For Sale
$4,250,000

3158 State HwyDecatur, AL 35601

19-Acre Multi-Tenant Industrial Portfolio

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 19-acre industrial complex in Decatur, Alabama, presents a compelling net lease investment opportunity. The property comprises nine single-story buildings totaling 47,850 net rentable square feet, currently 100% occupied across ten units. Built in 2007, the Class B complex boasts 5 loading docks and 16 dock-high doors, providing ample functionality for manufacturing, R&D, and warehousing operations. With 50 parking spaces and a strategic location on State Highway 20 (estimated 18,530 daily vehicles), the property enjoys high visibility and accessibility. The current NOI is $268,764, yielding a 6.32% cap rate, with a pro-forma NOI of $280,764 and a pro-forma cap rate of 6.61%. The asking price is $4,250,000, or $88.82 per square foot, and $425,000 per unit. An adjacent 8,500-square-foot property with potential for a 20,000-square-foot expansion is also available for purchase as a package deal for an additional $950,000. This presents a significant value-add opportunity for investors seeking a high-performing, multi-tenant industrial portfolio in a thriving industrial area near major corporations such as 3M, United Launch Alliance, and RUAG Space USA. The property offers significant potential for future expansion and increased revenue generation.

Highlights

  • $4,250,000 asking price for a 47,850 SF industrial property in Decatur, AL.
  • Net lease investment opportunity with a 6.32% cap rate (6.61% pro-forma).
  • 100% occupancy across nine buildings totaling 47,850 rentable square feet.
  • Property features 16 dock-high doors and 5 loading docks, situated on a 19-acre lot with 50 parking spaces.
  • Multi-tenant property with 10 units, offering $425,000 per unit price.

Property Details for 3158 State Hwy

Property type
Warehouses, Life science properties
Square Feet
47,850 SF
Class
B
Year Built
2007
Buildings
9
Stories
1
Lot Size (sq. ft)
827,640 SF
Units
10

Location Insight

City
Decatur
County
Morgan
State
Alabama
Latitude
34.619543076816
Longitude
-87.057084579895
3158 State Hwy, Decatur, Alabama

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3158 State Hwy
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