285 Kershaw Industrial BlvdMontgomery, AL 36117

Property Details for 285 Kershaw Industrial Blvd

Year built

2002

Lot size

0.77 AC

Property size (Sq ft)

11,306 SF

Zone code

M-3

Property type

Industrial properties

Property subtype

Other warehouses

APN

09-06-13-3-000-006.003

APU

906133000006003

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,676,396

  Hospitality

  $1,535,570

  Educational

  $1,277,576

  Medical

  $1,321,514

  Retail

  $1,987,340

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3654

Longitude

-86.118

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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