Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire 114 Bright Road, a recently renovated, two-building flex/industrial property totaling 37,600 square feet in Guntersville, Alabama. The property is 100% leased to JST Corporation, a Japan-based global manufacturer of electronic connectors and cable assemblies with operations across 17 countries. JST's commitment to Guntersville was further demonstrated by its recently announced $500 million expansion at Conners Island Business Park. The planned project encompasses approximately 540,000 square feet and is expected to create approximately 80 jobs, significantly increasing JST's long-term presence in the North Alabama market. The property has benefited from an extensive $950,000 capital improvement program, significantly enhancing the functionality, efficiency, and long-term competitiveness of both buildings. Notably, JST contributed approximately $790,000 toward these improvements, reflecting a substantial financial commitment to the facility and its continued occupancy. Additionally, both buildings are fully heated and cooled, a rare feature for industrial facilities of this size and a distinct competitive advantage within the local market Guntersville benefits from its strategic location approximately 30–45 minutes southeast of Huntsville, providing access to the Huntsville metropolitan area while maintaining a lower-cost industrial environment. The broader North Alabama region continues to attract advanced manufacturing, automotive, aerospace and technology-related investment. The offering provides an investor with $348,000 of current annual rental income and an estimated $315,143 NOI, representing an attractive 8.52% going-in capitalization rate at the asking price of $3,700,000.