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950 Lagoon Business Loop

15,625 SF Industrial Building Montgomery, AL 36117 $2,236,000 ($143.10/SF) 5.50% Cap Rate

INVESTMENT HIGHLIGHTS

  • Terrific location in busy industrial park
  • National Credit Tenant
  • New five-year lease (2023)

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $123,000 $7.87

FINANCIAL SUMMARY (ACTUAL - 2023)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $123,000
Annual Per SF $7.87

PROPERTY FACTS

Price $2,236,000
Price Per SF $143.10
Sale Type Investment
Cap Rate 5.50%
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront
  • Showroom
  • Industrial Service
Building Class A
Lot Size 1.38 AC
Rentable Building Area 15,625 SF
No. Stories 1
Year Built/Renovated 2008/2019
Tenancy Single
Parking Ratio 0.57/1,000 SF
Clear Ceiling Height 16’
No. Dock-High Doors/Loading 3
No. Drive In / Grade-Level Doors 1

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Wholesaler
  • 15,625 SF
  • -
  • Triple Net
  • Mar 2028

The Winsupply Family of Companies is a leading supplier of materials for residential and commercial construction as well as industrial use. Since 1956, they have provided enterprising entrepreneurs with the opportunity to own and operate their own business, all with the support of committed support and services. It’s their mission to help hard-working people achieve the American dream in an era that pushes business owners to reinvent traditional success strategies. Winsupply is in the business of creating and enabling entrepreneurs to achieve their dreams through wholesale distribution. As one of America's leading suppliers of materials for residential and commercial construction, Winsupply Inc. owns a majority equity stake in local companies across the United States. Collectively, Winsupply is known as "The Winsupply Family of Companies" and includes Win-branded locations, Noland Company, Carr Supply, APCO, and other acquired regional suppliers.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Wholesaler 15,625 SF - Triple Net Mar 2028

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-07-36-3-000-002.022
Land Assessment
$42,040 (2024)
Improvements Assessment
$153,320 (2024)
Total Assessment
$195,360 (2024)

ZONING

Zoning Code M-1 (Industrial)
M-1 (Industrial)
  • Listing ID: 28586807

  • Date on Market: 5/26/2023

  • Last Updated:

  • Address: 950 Lagoon Business Loop, Montgomery, AL 36117

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