For Sale
$1,199,000

285 Kershaw Industrial BlvdMontgomery, AL 36117

11,250 SF Flex Space, 8% Cap Rate, Sale-Leaseback

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 11,250-square-foot flex space at 285 Kershaw Industrial Blvd in Montgomery, Alabama, presents a compelling sale-leaseback opportunity. The property, built in 2002, boasts a Class B rating and is situated on a 0.77-acre lot zoned M-1. The single-story building features 16-foot ceilings and two dock-high doors, ideal for various industrial and mixed-use applications. Currently 100% occupied by First Klass Movers under a triple-net (NNN) lease with a three-year term at $8,000 per month, generating a substantial net operating income (NOI) of $96,000 and an attractive 8.00% capitalization rate. The asking price is $1,199,000. This property offers a strong return on investment with the added benefit of a long-term lease in place. Its convenient location, less than two miles from I-85, provides excellent access to major transportation routes, enhancing its appeal and potential for future growth. The property's single-tenant occupancy minimizes management complexities, making it an attractive option for investors seeking a stable and profitable asset. This sale-leaseback presents a unique opportunity to acquire a well-located, income-producing industrial property with a strong tenant in place.

Highlights

  • Less than 2 miles to I-85.

Property Details for 285 Kershaw Industrial Blvd

Property type
Mixed-use properties, Industrial properties
Square Feet
11,250 SF
Class
B
Year Built
2002
Buildings
1
Stories
1
Lot Size (sq. ft)
33,541 SF

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.3652958
Longitude
-86.1180149
285 Kershaw Industrial Blvd, Montgomery, Alabama

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285 Kershaw Industrial Blvd
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