1401 Meadowcraft RdBirmingham, AL 35215

Property Details for 1401 Meadowcraft Rd

Year built

1969

Lot size

20.32 AC

Property size (Sq ft)

11,954 SF

Zone code

I4

Property type

Warehouses

APN

13-00-15-4-000-002.000

APU

1300154000002000

Description

This exceptional investment opportunity presents a 75,650 square foot multi-tenant industrial property situated on 20.32 acres in Birmingham, Alabama. The property consists of two single-story buildings, built in 1969, and features two loading docks. Currently, 85% occupied, the property boasts a long-term, corporate-guaranteed lease with a major tenant, The A588 & A572 Steel Company, in place until October 31, 2031. This stabilized investment offers a current NOI of $123,036 and a pro-forma NOI of $365,036, resulting in a current cap rate of 3.24% and a pro-forma cap rate of 9.61%. The asking price is $3,800,000, translating to $50.23 per square foot and $187,008 per acre. The property is strategically located in the Pinson Valley Parkway Industrial Corridor, providing easy access to major transportation routes and Birmingham International Airport. An additional approximately 4-acre pad site offers significant potential for future expansion or material laydown. This property is a compelling investment opportunity in a rapidly growing market, offering a blend of stable income and significant upside potential. The lease is a net lease. The property's APN is 13-00-15-4-000-002.000. There is no ground lease.

• Alternative Use

  Use

  Valuation

  Residential

  $2,893,958

  Hospitality

  $2,650,850

  Educational

  $2,205,476

  Medical

  $2,281,326

  Retail

  $3,430,740

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.6404

Longitude

-86.7283

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].