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:
- Property Type: Industrial
- Transaction Amount: $4,725,000
- Square Footage: 90,000
- Price per Square Foot: $53
- Buyer: Basis Industrial - Anthony Scavo & Dan Weinstein
- Seller: Opa Holdings
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
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