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Sigma 108 Walter Davis Dr

47,100 SF Industrial Building Birmingham, AL 35209 $2,300,000 ($49/SF) 5.65% Cap Rate

Executive Summary

Investment Sale
Absolute NNN Lease with 2% Annual Increase & 4 (5 Year Options)
3 Buildings on three separate Parcels
43,600 SF of Warehouse, 3,500 SF of Office Space
Ample onsite parking for employees and customers
Dense Retail Corridor Along Interstate 65
Near Abutting Railroad
The 5-mile trade area is supported by nearly 187,000 residents and more than 225,700 employees with an estimated average household income of $73,374.
1.4± Miles from Interstate I-65 with traffic counts of
124,840 AADT
4.5± Miles from Samford University
10.4± Miles from Birmingham-Shuttlesworth International Airport

Property Facts

Price $2,300,000
Price Per SF $49
Sale Type Investment NNN
Cap Rate 5.65%
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 3.02 AC
Rentable Building Area 47,100 SF
No. Stories 1
Year Built/Renovated 1979/2000
Tenancy Single
Parking Ratio 0.34/1,000 SF
Clear Ceiling Height 24 FT
No. Dock-High Doors/Loading 6
No. Drive In / Grade-Level Doors 3

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 29-00-15-2-006-001.002
  • 29-00-15-1-001-004.009
  • 29-00-15-2-006-001.003
Land Assessment
$24,280
Improvements Assessment
$0
Total Assessment
$171,520

zoning

Zoning Code I-3 (Industrial)
I-3 (Industrial)
  • Listing ID: 25012226

  • Date on Market: 2/8/2022

  • Last Updated:

  • Address: 108 Walter Davis Dr, Birmingham, AL 35209

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