1300 Schillinger Rd S
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1300 Schillinger Rd S
21,358 SF Industrial Building Mobile, AL 36695 For Sale
Investment Highlights
- 73% Leased.
- NOI: $50,000.
- 75% Retention rate.
- All tenants are currently under market.
- 2,450 SF Available space.
- 2 Warehouse spaces.
Executive Summary
CBRE is pleased to offer for sale West Park, a unique value-add NNN Investment opportunity. The property consists of four buildings totaling 21,358 SF located in the rapidly expanding West Mobile submarket. The center is 85% leased to nine (9) tenants including national tenant Sherwin Williams. This opportunity provides multiple streams of income that include the retail strip center, 2 retail warehouses, a double-sided billboard located on the property, and the potential to construct an additional building on the 1.26 acres of excess land. The center offers great visibility overlooking Schillinger Road, a primary thoroughfare with 40,336 VPD. Nearby establishments include Target, Aldi, Home Depot, Walmart, Chick-fil-A, Hobby Lobby, Lowe’s, and more national retailers. West Park presents a dependable cash flow asset with that will yield significant leveraged returns.
Property Facts
| Sale Type | Investment | Rentable Building Area | 21,358 SF |
| Property Type | Industrial | Number of Floors | 1 |
| Property Subtype | Distribution | Year Built | 2001 |
| Building Class | C | Tenancy | Single |
| Lot Size | 34.37 AC | Parking Ratio | 0.28/1,000 SF |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 34.37 AC |
| Rentable Building Area | 21,358 SF |
| Number of Floors | 1 |
| Year Built | 2001 |
| Tenancy | Single |
| Parking Ratio | 0.28/1,000 SF |
Amenities
- 24 Hour Access
Utilities
- Lighting
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PROPERTY TAXES
| Parcel Number | 27-07-25-4-000-004 | Improvements Assessment | £509,531 |
| Land Assessment | £135,552 | Total Assessment | £645,083 |
PROPERTY TAXES
Parcel Number
27-07-25-4-000-004
Land Assessment
£135,552
Improvements Assessment
£509,531
Total Assessment
£645,083
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1300 Schillinger Rd S
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