90,000 SF Warehouse in Florence Industrial Park

Industrial for Sale
Catylist Listing ID: 2147442
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Warehouse/Distribution
Building Size (RSF): 90,000 SF
Gross Building Area: See Agent
Gross Land Area: 4 Acres
Sale Price: $1,980,000
Unit Price: $22 PSF
Ceiling: 28 ft. / 20 ft. Clear
Docks/Doors: 6 Docks, 6 Doors
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN)
Building Name: Northington Court Warehouse
Sale Terms: Cash to Seller
Cap Rate: 10.23%
Average Occupancy Rate: 100
Last Updated: 8/17/2018

Overview / Comments

Net-leased 90,000 SF warehouse/distribution center with 440 SF of office space situated on approximately 4 acres in the Florence-Lauderdale Industrial Park. Eave height of 20' with 28' height at center peak. Other features include: six loading docks with levelers; one 12' overhead door at grade; 25' by 50' column spacing; 6" reinforced concrete slab; automatic sprinkler system with 16 GPM/SF flow. Electrical: 1-120/208 volts; 3-phase, 4-wire; 225 amp main breaker.

Attachments & Media

Current Tenants

Tenant Business Name Tarkett USA, Inc.
Website URL www.tarkett.com
Employees Total 12,500
Year Founded 1886
SF of Space Occupied 90,000 SF
Current Rent $2 PSF (Annual)
Lease Expiration 4/2019
Options One 2-year option with a 3.7% rent increase.

Additional Details

Nearest MSA: Florence-Muscle Shoals
County: Lauderdale
Market Type: Medium
Road Type: Paved
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 90,000 SF
Property Condition: Good
Year Built: 1994
Roof Type: Gable
Construction/Siding: Metal Siding, Steel Frame
Parking Type: Surface
Total Parking Spaces: 20
Amps: 225
Volts: 208
X-Phase: 3
Heat Source: Ceiling Units

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,400 19,228 45,859
Median Age: 39.35 43.46 40.57
Households: 1,442 8,299 19,872

Contact

Photograph of Listing Agent

Justin Bishop, CCIM

Pounders and Associates, Inc.
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.