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701 Dr.martin Luther King Jr. BlvdBay Minette, AL 36507

899,324 SF Distribution Center, 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional investment opportunity presents a 899,324-square-foot, fully occupied, multi-tenant distribution center situated on 129 acres in Bay Minette, Alabama. The property boasts two buildings, constructed in 1980, and features dedicated trailer parking and container storage areas. A separate 30,644-square-foot office building complements the warehouse space. The property benefits from a prime location less than eight miles from I-65 and 27 miles from the Port of Mobile, the second fastest-growing port in the nation. Located within the Daphne-Fairhope-Foley MSA, one of the top ten fastest-growing metros in 2023, this asset is situated in a high-growth market characterized by strong occupancy rates and diverse industrial activity. The expansive 129-acre site includes over 100 acres of forested land, presenting significant future development potential. Currently housing three tenants, this property offers investors an attractive yield with considerable upside potential due to below-market rents in a supply-constrained coastal market. The property's size, at approximately 899,324 square feet, makes it one of the largest industrial assets in Baldwin County. Access to major interstates, including I-65 (less than 15 minutes away) and I-10 (approximately 20 minutes away), further enhances its strategic value. The existing yard and developable acreage offer potential for increased container storage. This is a Core+ investment with a NNN lease structure.

Highlights

  • 899,324 SF fully occupied, multi-tenant distribution center on 129 acres in high-growth Baldwin County, AL.
  • Prime location: <8 miles from I-65, 27 miles from the Port of Mobile (2nd fastest-growing US port).
  • Significant upside potential due to below-market rents in a supply-constrained market.
  • Over 80 acres of developable land offers expansion opportunities.
  • Excellent access to I-65 and I-10 interstates.
  • One of the largest industrial assets (approx. 899,324 SF) in Baldwin County.

Property Details for 701 Dr.martin Luther King Jr. Blvd

Property type
Industrial properties, Distribution centers
Square Feet
899,324 SF
Year Built
1980
Buildings
2
Lot Size (sq. ft)
5,619,240 SF

Location Insight

City
Bay Minette
County
Baldwin
State
Alabama
Latitude
30.865701710542
Longitude
-87.786439538001
701 Dr.martin Luther King Jr. Blvd, Bay Minette, Alabama

FAQs

What type of property is this?
Industrial property - 899,324 SF Distribution Center, 100% Leased
Where is the industrial property located?
The property is located at 701 Dr.martin Luther King Jr. Blvd Bay Minette, AL.
What are key features of this property?
This property features: 899,324 SF fully occupied, multi-tenant distribution center on 129 acres in high-growth Baldwin County, AL.; Prime location: <8 miles from I-65, 27 miles from the Port of Mobile (2nd fastest-growing US port).; Significant upside potential due to below-market rents in a supply-constrained market.
How can I contact the broker?
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701 Dr.martin Luther King Jr. Blvd
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