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.
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Luis Mendoza
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3158 State Hwy, Decatur, Alabama, 35601
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3158 State Hwy
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