Investment Overview

Marcus & Millichap is pleased to present the sale offering of 1501 Red Hollow Road, a 10-year sale-leaseback industrial investment opportunity in Birmingham, Alabama. The property is located in a robust industrial pocket in Northeast Birmingham which boasts minimal vacancy and is less than one mile from AL Hwy 79 access, five miles from Interstates, 65, 20 & 59, and seven miles from Birmingham Shuttlesworth International Airport. The subject property consists of ±51,975 square feet of industrial space situated on 1.36 acres of land complete with three (3) external docks, two (2) drivein doors, and a clear height of 28’. The tenant, Alabama Copper and Bronze, Inc. (ACB), is a leading manufacturer of metal castings. The company also supplies, copper, bronze, brass and aluminum cast products and serves a variety of industries including aerospace, defense, automotive, construction, and energy among others. The subject property serves as corporate headquarters for ACB. At close of escrow, ACB is offering to sign a 10-year absolute net lease, with 3% annual rental increases and two, five-year options. The purchase of this offering presents an investor with the opportunity to own an industrial asset in a robust pocket of the Birmingham industrial market. At the current list price of $3,410,000 the investment offering will generate an in-place net operating income of $257,268 which equates to a capitalization rate of 7.54%.