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


Photograph of Listing Agent

Justin Bishop, CCIM

Pounders and Associates, Inc.
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