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Basis Industrial Acquires Industrial Property In Irondale, AL For $4.7M

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SOLD
$4,725,000

Alabama

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Industrial90,000 SF
Sold 11/17/2023
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SOLD

Basis Industrial Acquires Industrial Property In Irondale, AL For $4.7M

210 Automation Way

See Similar Deals
Industrial90,000 SF
Sold 11/17/2023
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Summary

ALABAMA
Asset Type:Industrial
Price Per Square Foot:$52
Total Square Footage:90,000 SF
Transaction Type:Sale

The industrial property located at 210 Automation Way in Irondale, AL (Birmingham MSA) has been sold. The property spans 90,000 square feet and was sold for a price of $4,725,000, resulting in a price per square foot of $53. The buyer of the property was Basis Industrial, represented by Anthony Scavo and Dan Weinstein. The seller of the property was Opa Holdings.

Summary of transaction details:

Anthony Scavo and Dan Weinstein, representing Basis Industrial, facilitated the purchase of the industrial property located at 210 Automation Way in Irondale, AL. Opa Holdings was the seller in this transaction.

Players

BROKERAGE

44 deals$1.3B volume
BUYER

Dan Weinstein
Basis Industrial
13 deals$231.2M volume
BUYER

Details

SOLD
IMAGE: Anthony Scavo & Dan Weinstein DATE: 11/17/2023 ADDRESS: 210 Automation Way MARKET: Irondale, AL (Birmingham MSA) ASSET TYPE: Industrial BUYER: Basis Industrial (@BasisIndustrial) - Anthony Scavo (@AnthonyScavoJr) & Dan Weinstein SELLER: Opa Holdings SALE PRICE: $4,725,000 SF: 90,000 ~ PPSF: $53

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$252,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,786.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,398.91
Annual Debt Service$268,786.93