Spectrum Environmental

85-125 SPECTRUM COVE ALABASTER, AL 35007

  • 24,000 Square Feet
  • Industrial Office
  • For Sale

Summary Description

•Tenant: Spectrum Environmental is a full service environmental services company serving the state of Alabama since 1993. Spectrum serves some of the most well respected firms in their industries. •15-Year NNN Lease: Spectrum Environmental has proposed to sign a new 15-year NNN lease, providing an investor with a long-term investment. •Property: The office building was built in 2007 and contains high quality office and meeting space. The office/warehouse building, also built in 2007, contains large amounts of space for servicing. There is also significant outside storage yard area in the rear of the property. •Strategic Location: The property is located centrally in an industrial area in Alabaster within close proximity of many of Spectrum’s clients and easy access to I-65. •Divers & Stable Economy: As the largest city in Alabama, there are over 1.14 million people in the Birmingham MSA. The economy is comprised of a diverse mix of industries which is dominated by the banking, healthcare, educational, automotive, insurance and technology sectors. UAB provides a true anchor to the economy with an impact of over $5 Billion annually. Birmingham ranks as the 9th largest banking market in the nation and the 2ndlargest in the Southeast.

Property Status: Existing

Price: $3,508,000.00

Building Size: 24000 Square Feet

Area Available: 24,000 Square Feet

Features:

  • $3,508,000 / 8.0 % Cap Rate
  • 24,000 SF Office/Warehouse

Property Experts

Contact us regarding this property

An unexpected error has occurred. Please try again.
You didn't check the 'I'm not a robot' checkbox.

Your request has been submitted.

Someone will contact you shortly.