210 Automation Way, Irondale, AL, USA

Low Vacancy Submarket
Current submarket vacancy of 4.4%

Below Market Rents
Rents 25.7% below market, offering opportunity for upside at lease maturity

Prime Industrial Asset
Located immediately off i-20, within the Crestwood Boulevard Industrial Corridor. Ten minutes East of downtown Birmingham

Expansive and Flexible Site
90,000 Total RSF consisting of two buildings on 9.57 acres. Buildings are sprinklered with ample loading and flexible foorplans.

RIPCO Real Estate in conjunction with Bang Real Estate is pleased to exclusively present the sale of 210 Automation Way a 90,000-square-foot, fully occupied multi-tenant industrial asset located in Irondale, a strategic submarket within the Birmingham MSA. Positioned on 9.57 acres just off the high-traffic I-20 corridor, with seamless connectivity to I-459 and I-65, the property offers direct regional access and efficient distribution capabilities across the Southeast.

The property is 100% leased to a synergistic mix of nationally recognized automotive parts distributors, each on NNN lease agreements. Benchmark Imports, a global leader in wholesale collision parts and a certified Fiat, Maserati, and Alfa Romeo dealer, occupies 40,000 SF. Overnight Parts Alliance, representing 30+ major-brand dealers, occupies 48,000 SF and services a seven-state territory with over 100 delivery vehicles. Together, the tenancy reflects operational scale, logistical intensity, and commitment to the site?s strategic location.

The offering represents an opportunity to acquire a stabilized, income-producing industrial property with in-place Net Operating Income of $450,570, equating to a 6.24% cap rate based on the asking price of $7,000,000. The surrounding submarket is exceptionally tight, with industrial vacancy rates of just 0.8%within a 3-mile radius, and rent levels 25% below market, offering upside potential upon lease maturity.