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210 Automation Way

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

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

210 Automation Way

$4,725,000

$52/SF

Building Size

90,000 SF

Asset Type

Industrial

Closing

Nov 17, 2023

AI

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

Basis Industrial
Basis IndustrialBrokerage

Anthony Scavo

Basis Industrial

Buyer

$1.3B

vol

44 deals

Buyer

Irondale Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.36%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93