Highlights
• WALT 3.4 years • 5 existing dock high doors • 2 ramped drive-in doors • 16,429 SF warehouse • 47,297 SF office (79%) • Built 2003 • Clear span 20 feet • Average rent $14.64 per SF • Average CAM $1.99 per SF • Annual escalations Trane 3% and Canon 2.5% • Punch-outs for more dock-highs • New roof as of May 2025
Description
Opportunity to acquire a fully-occupied three tenant flex property with long term stable tenants. Trane Supply is the anchor tenant in 35,160 SF. The other tenants are the U.S. Mine Safety and Health Administration in 20,554 SF and Canon in 4,294 SF. Trane and Canon pay CAM, utilities and janitorial. Mine and Safety is a typical GSA full-service lease. The facility is well-located in the Lakeshore Crossing Business Park just off Lakeshore Parkway/Hwy 149. The property is only 3 miles from I-65 and 14 miles from the Birmingham Shuttlesworth International Airport.
Listing Details
- Tenancy
Multi
- Space Type
industrial
- Sub Category
flex-space
- Date Listed
5/26/2025
- Net Operating Income
$763,030
- Ceiling Height / Slab to Slab
20 Ft
Property Specifics
- Property Name
1030 London Dr | Trane Supply Anchored
- No of Stories
1
- Year Built
2003
- Building Size
63,726 SF
- Lot Size
6.34 AC
- Year Renovated
2019
- APN
29 00 28 3 000 001.013, 29 00 28 2 000 003.000
- Zoning
Light Industrial – Contingency district (I-1-C)