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Mobile Bay and Gasket 1550 S Broad St

10,288 SF Industrial Building Mobile, AL 36605 $1,859,972 CAD ($181 CAD/SF) 6.75% Cap Rate

Commercial Buildings Alabama Mobile 1550 S Broad St, Mobile, AL 36605

Investment Highlights

  • The subject property is leased by the County of Mobile – Sherrif’s Department
  • Recent renovations of the building are estimated to be ±$400k and were paid for by the tenant. Renovations include a new roof, office, mechanicals
  • Attractive 1.50% annual rental increases
  • The Sherrif’s Department is using the premise for tactical, Canine, and Intelligence Divisions
  • 4-Years remaining on an initial 5 year lease term
  • Brand new roof in 2024 which comes with a 10-year transferable material warranty & weather tightness warranty

Executive Summary

Broker of Record
Kyle Matthews
License No. 000110253 - 0 (AL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Price $1,859,972 CAD Rentable Building Area 10,288 SF
Price Per SF $181 CAD No. Stories 1
Sale Type Investment Year Built/Renovated 1985/2024
Cap Rate 6.75% Tenancy Single
Property Type Industrial Parking Ratio 0.97/1,000 SF
Property Subtype Service No. Dock-High Doors/Loading 2
Building Class C No. Drive In / Grade-Level Doors 1
Lot Size 0.98 AC Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $1,859,972 CAD
Price Per SF $181 CAD
Sale Type Investment
Cap Rate 6.75%
Property Type Industrial
Property Subtype Service
Building Class C
Lot Size 0.98 AC
Rentable Building Area 10,288 SF
No. Stories 1
Year Built/Renovated 1985/2024
Tenancy Single
Parking Ratio 0.97/1,000 SF
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Fenced Lot
  • Signage

Links

1 of 1

PROPERTY TAXES

Parcel Number 29-11-36-0-002-095 Improvements Assessment $77,718 CAD
Land Assessment $11,954 CAD Total Assessment $89,672 CAD

PROPERTY TAXES

Parcel Number
29-11-36-0-002-095
Land Assessment
$11,954 CAD
Improvements Assessment
$77,718 CAD
Total Assessment
$89,672 CAD

zoning

Zoning Code Commercial
Commercial
(214) 692-2289

  • Listing ID: 33251510

  • Date on Market: 2024-09-20

  • Last Updated:

  • Address: 1550 S Broad St, Mobile, AL 36605

The Industrial Property at 1550 S Broad St, Mobile, AL 36605 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

Industrial PROPERTIES IN NEARBY NEIGHBORHOODS

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Mobile Bay and Gasket | 1550 S Broad St
(214) 692-2289 x

Mobile Bay and Gasket | 1550 S Broad St

Josh Bishop

(214) 692-2289

(214) 692-2289

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