18587 Co RdSummerdale, AL 36580

Property Details for 18587 Co Rd

Year built

2023

Lot size

6.50 AC

Property size (Sq ft)

200,000 SF

Property type

Industrial properties

Property subtype

Self storage facilities

Description

This exceptional Class A, stabilized investment opportunity presents a 200,000 square foot, multi-tenant industrial/self-storage facility in Summerdale, Alabama. Built in 2023, this property sits on 6.5 acres and features 190 units (110 covered, 80 uncovered) with 190 parking spaces, offering 106,875 square feet of net rentable space. Currently operating at 80% occupancy, generating a $190,000 NOI and a 7.24% cap rate, the asking price is $2,625,000 ($13.12/sq ft and $13,815.79/unit). Located at 18587 Co Rd 32, Summerdale, AL 36580 (APN: 05-48-09-31-4-000-005.005), this B-2 zoned property benefits from its prime location near Hwy 59 and County Road 32, offering excellent visibility and accessibility. The property boasts 24-hour gated access, monthly/yearly lease options, and strong potential for future expansion. The facility's proximity to Gulf Shores (17 miles) and a growing population/tourist traffic in Baldwin County ensures consistent demand. This is a full ownership, absolute NNN lease property, ideal for investors seeking a high-yield, low-maintenance investment.

Location Insight

City

Summerdale

County

Baldwin

State

Alabama

Latitude

30.4744

Longitude

-87.7074

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