Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Website: http://www.southalabamamls.com Telephone: 251-928-1708 Fax: 251-928-1046 E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Mobile and Baldwin County Industrial Properties For Lease and For Sale Winter 2012 This report is available on the Center for Real Estate Studies (CRES) website: http://cres.southalabama.edu/ “Data you can use.” “Education you can use” Center for Real Estate Studies Mitchell College of Business UNIVERSITY OF SOUTH ALABAMA USA takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or completeness of any information, nor represents that its use would not infringe on privately owned rights. Reference to any specific commercial product, process, or service does not constitute an endorsement, recommendation, or favoring by USA. Introduction The following report is one of four commercial reports generated by the Mitchell College of Business, Center for Real Estate Studies. This report contains information for Winter 2012 Industrial properties. Readers are reminded that the data covers advertised "for lease" and "for sale" data only. All final sale information is excluded. The information source for the Industrial data is the Commercial Property Directory, www.commercialpropertydirectory.com Birmingham, AL. In addition to the Industrial report, the center provides three other commercial reports (Land, Office and Retail) can be found on the Center for Real Estate Studies website: http://cres.southalabama.edu For additional information, please contact: Dr. Don Epley, Director, Center for Real Estate Studies Phone: (251) 460-6735 Email: depley@usouthal.edu The data for this report was completed by: Susan Grimsley, Research Associate Mitchell College of Business Center for Real Estate Studies Mitchell College of Business UNIVERSITY OF SOUTH ALABAMA Industrial Properties For Lease and For Sale Winter 2012 Table of Contents Introduction Page - 2 Baldwin County Report Summary Page - 4 List of Zip Codes Page - 5 Table 1: Asking Lease Rate per Square Foot (S.F.) by Property Page - 7 Table 2: Vacancy Rate by Property Page - 10 Table 3: Total Market of Industrial Properties Advertised for Lease Page - 13 Table 4: Advertised Sales Price per S.F. by Property Page - 18 Table 5: Sales Price per S.F. by Property Page - 21 Table 6: Total Market of Industrial Properties Advertised for Sale Page - 24 Industrial Properties Report Summary 2012 Advertised Industrial Properties for Lease: Total Properties Listed …………………………78 Asking Lease Rate per S.F. …………………. Median $5.50 on 41 Properties Reporting Advertised S.F. …………………………………… Median 11,775 on 40 Properties Reporting Total Advertised S.F. ……………………………1,158,241 on 40 Properties Reporting Total Available S.F. ………………………………1,586,835 on 57 Properties Reporting Available S.F. ……………………………………… Median 11,550 on 57 Properties Reporting 2012 Advertised Industrial Properties for Sale: Total Properties Listed …………………………79 Sales Price ……………………………………………Median $386,125 on 74 Properties Reporting Building S.F. …………………………………………Median 11,850 on 35 Properties Reporting Sales Price per Building S.F. …………………Median $41.83 on 34 Properties Reporting Site S.F. …………………………………………………Median 10,800 on 25 Properties Reporting Sales Price per Site S.F. …………………………Median $44.73 on 25 Properties Reporting Note: This data covers only properties advertised for lease and for sale as an indication of current market activity. They do not represent the total inventory. For example, the building s.f. represents only buildings that are advertised with available space. Owneroccupied property is excluded, also. Baldwin County Zip Code, City and Area Code Zip Code 36502 36507 36511 36526 36527 36530 36532 36535 36542 36549 36550 36551 36555 36561 36562 36567 36574 36576 36578 36579 36580 City Atmore Bay Minette Bon Secour Daphne Spanish Fort Elberta Fairhope Foley Gulf Shores Lillian Little River Loxley Magnolia Springs Orange Beach Perdido Robertsdale Seminole Silverhill Stapleton Stockton Summerdale 21 Total Zip Codes Area Code 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Telephone: 251-928-1708 Fax: 251-928-1046 Website: http://www.southalabamamls.com E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Industrial Properties Advertised For Lease Winter 2012 Asking Lease Rate per S.F. by Property Table 1 Zip Code 36507 36507 36611 36611 36526 36526 36526 36535 36535 36551 36551 36610 36693 36693 36606 36617 36602 36618 36610 36693 Asking Lease Per Total Advertised S.F. ($) S.F. $3.80 300,000 $4.50 6,000 $2.25 $5.76 $6.50 $6.50 $2.00 $4.50 $8.50 $6.50 $11.00 78,000 5,625 15,600 12,600 94,049 110,000 24,368 44,606 13,000 17,200 4,000 36603 36619 36693 36608 36693 36615 36615 36602 36582 36607 36617 36607 36606 36606 36693 36619 36608 36603 36603 36618 36606 36693 36693 36693 36693 36606 36693 36607 36693 36615 36615 36615 36608 36608 36615 36615 36615 $6.00 $1.25 7,500 16,800 $7.00 $4.50 $4.50 $15.00 $4.50 $5.00 14,000 $36.32 $4.80 $5.00 $6.33 63,628 7,200 8,400 32,000 11,700 2,500 7,200 6,250 11,550 $3.50 11,850 $5.50 $6.90 $7.00 $8.00 $5.50 3,900 4,500 $6.00 7,644 24,400 $36,615.00 36615 36615 36615 36693 36615 36607 36610 36567 36572 36575 36582 36582 36582 36582 36619 36582 36582 36619 36582 36582 36582 Median Properties Reporting $5.50 $3.25 21,600 6,600 11,100 76,496 $0.43 $5.50 12,875 10,000 5,000 $4.50 $3.50 $7.25 $4.50 38,500 5,000 $5.50 $6.25 $5.50 5,000 11,775 41 40 Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Telephone: 251-928-1708 Fax: 251-928-1046 Website: http://www.southalabamamls.com E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Industrial Properties Advertised For Lease Winter 2012 Table 2 Vacancy Rate by Property Zip Code 36507 36507 36611 36611 36526 36526 36526 36535 36535 36551 36551 36610 36693 36693 36606 36617 36602 36618 36610 36693 36603 36619 36693 Total Advertised S.F. Advertised Calculated Available Vacancy Rate S.F. (%) 300,000 6,000 300,000 6,000 100.00% 100.00% 78,000 5,625 15,600 12,600 60,000 1,875 15,600 12,600 50,000 94,049 110,000 24,368 21,000 76.92% 33.33% 100.00% 100.00% 94,049 110,000 24,368 100.00% 100.00% 100.00% 6,250 8,712 3,200 19.53% 17,200 4,000 17,200 100.00% 7,500 16,800 7,500 16,800 100.00% 100.00% 44,606 13,000 36608 36693 36615 36615 36602 36582 36607 36617 36607 36606 36606 36693 36619 36608 36603 36603 36618 36606 36693 36693 36693 36693 36606 36693 36607 36693 36615 36615 36615 36608 36608 36615 36615 36615 36615 36615 36615 36693 36615 36607 36610 14,000 63,628 7,200 8,400 32,000 11,700 2,500 7,200 6,250 11,550 11,850 4,000 2,000 15,000 17,500 4,821 7,200 8,400 32,000 11,700 2,500 7,200 6,250 8,400 11,550 176,000 11,850 14.29% 7.58% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 23,500 8,600 8,500 2,500 3,900 4,500 7,644 4,500 14,310 4,275 100.00% 7,644 100.00% 28,000 151,200 6,600 9,630 76,496 28,000 700.00% 100.00% 86.76% 100.00% 24,400 21,600 6,600 11,100 76,496 36567 36572 36575 36582 36582 36582 36582 36619 36582 36582 36619 36582 36582 36582 Total Median Properties Reporting 13,600 12,875 10,000 12,875 10,000 11,000 100.00% 100.00% 5,000 38,500 5,000 12,230 38,500 5,000 100.00% 100.00% 14,000 5,000 1,158,241 11,775 9,350 5,000 1,586,835 11,550 40 57 100.00% Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Website: http://www.southalabamamls.com Telephone: 251-928-1708 Fax: 251-928-1046 E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Industrial Properties Winter 2012 Table 3. Total Market of Industrial Properties Advertised for Lease Zip Code Property Name 36507 36507 36611 36611 36526 HWY 31 Distribution Center 6,000 SF Warehouse for Sale or Lease 750-F Viaduct Rd. N. 1511 Telegraph RdChickasaw,Alabama Daphne Office/Warehouse City Year Built Total S.F. Lease Price Per S.F. Available S.F. 2410 US HWY 31 Bay Minette 1995 300,000 $3.80 300,000 421 Oak Street Bay Minette 2007 6,000 $4.50 6,000 Address 750-F Viaduct Rd. N. Chickasaw 1511 Telegraph Road Chickasaw 78,000 $2.25 60,000 9101 Milton Jones Rd. Daphne 5,625 $5.76 1,875 36526 25421 Highway 181 25421 Highway 181 Daphne 2003 15,600 $6.50 15,600 36526 25421-A Highway 181 25421-A Highway 181 Daphne 2004 12,600 $6.50 12,600 36535 Highway 59 Highway 59 Foley $2.00 50,000 410 EAST SECTION AVE Foley $4.50 94,049 Railroad Ave Loxley 36535 36551 Peavey Electronics Building Warehouse Space in Loxley, Al 36551 RMS Precision Building 30105 Hwy 59 North Loxley 36610 I-65 & Hwy. 45 Interstate 65 & Highway 45 Mobile 94,049 2000 110,000 110,000 24,368 24,368 21,000 Agent Name & Phone # Philip Hodgson 251-990-6622 Haran Hunter 251-981-2400 Angela Mcarthur (251) 639-4007 Mike Mcaleer 251-473-7517 Philip Hodgson 251-990-6622 Jeff Barnes 251-990-6622 Jeff Barnes 251-990-6622 Adam Metcalfe (251) 432-2600 John D. Peebles (251) 438-4312 Mitchum Jackson (251) 479-8606 Jeremy B. Milling, Ccim 251-471-1000 Brian Metcalfe (251) 432-2600 36693 Joy Spring Drive 3740 Joy Springs Drive Mobile $8.50 36693 850 Lakeside Drive 850 Lakeside Drive Mobile $6.50 6,250 36606 Dauphin Center 2866 Dauphin Street Mobile $11.00 8,712 36617 3405 Beltline Park Dr. 3405 Beltline Park Dr. Mobile 36602 811 St. Francis Street 811 St. Francis Street Mobile 36618 Mobile, AL 8681 Howells Ferry Road Mobile 36610 2500 Papermill Road 2500 Papermill Road Mobile 36693 921 Lakeside Drive 921 Lakeside Drive Mobile 36603 Conception Street Road Conception Street Road Mobile 36619 4636 Schillinger Road South 36693 4636 Schillinger Road South 1668 W I-65 Service Rd. 1668 W I-65 Service Rd. S S Mobile 7970 Zeigler Blvd 7970 Zeigler Blvd Mobile 36693 4474B Halls Mill Rd. 4474B Halls Mill Rd. Mobile 36615 Office/Warehouse in Brookley 2048 B South Broad St 36615 Building in Brookley 36602 GM & O Building 36607 36617 36607 44,606 3,200 13,000 17,200 1983 Mobile 36608 36582 1985 1981 17,200 4,000 7,500 $6.00 7,500 16,800 $1.25 16,800 4,000 2009 14,000 $7.00 2,000 Mobile $4.50 15,000 1771 15th Street Mobile $4.50 17,500 110 Beauregard Street Mobile 63,628 $15.00 4,821 5290 Willis Road Mobile 7,200 $4.50 7,200 8,400 $5.00 8,400 Theodore Area Warehouse Crichton Office Warehouse Ga Pacific Office Warehouse 3009 Cotton Street Mobile 3451 Georgia Pacific Avenue Mobile 32,000 2904 Mill Street 2904 Mill Street Mobile 11,700 2006 32,000 $36.32 11,700 Ralph Neal, III (251) 602-1403 Ralph Neal, III (251) 602-1403 John Toomey 251-342-7229 David Cooper (251) 639-4007 Adam Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Bob Cooper (251) 639-4007 Ty Irby (251) 649-1000 Tommy Gleason, Jr. (251) 342-1636 Mitchum Jackson (251) 479-8606 Mitchum Jackson (251) 479-8606 Allan R. Cameron, Jr. (251) 438-4312 Allan R. Cameron, Jr. (251) 438-4312 Allan R. Cameron, Jr. (251) 438-4312 Allan R. Cameron, Jr. (251) 438-4312 Joseph G. Betbeze, Jr. (251) 476-4111 36606 3307 Halls Mill Road 3307 Halls Mill Road Mobile 2,500 $4.80 2,500 36606 3349-A Halls Mill Road 3349-A Halls Mill Road Mobile 7,200 $5.00 7,200 36693 3766 Halls Mill Road 3766 Halls Mill Road Mobile 6,250 $6.33 6,250 36619 Bullitt Drive 7821 Bullitt Drive Mobile 36608 8420 Tanner Williams Road 8420 Tanner Williams Road Mobile 36603 McPhillips Manufacturing 301 Yeend St Mobile 36603 Maryland St Property 211 Maryland St Mobile 36618 3944 Moffett Rd. 3944 Moffett Rd. Mobile 36606 Beltline Hwy 1541 East Beltline Hwy South Mobile $5.50 23,500 4345 Halls Mill Road Mobile $6.90 8,600 801 Lakeside Drive Mobile 36693 36693 Halls Mill Road Warehouse Lakeside Office/Warehouse 36693 5715 Rabbit Creek Rd 5715 Rabbit Creek Rd Mobile 36693 801 Lakeside Dr 801 Lakeside Dr Mobile 3217 Executive Park Circle 779 LAKESIDE DR, SUITE A Mill Street Office/Warehouse 3217 Executive Park Circle 779 LAKESIDE DR, SUITE A 36606 36693 36607 8,400 11,550 $3.50 11,850 3002 Mill Street Mobile 36693 854 Lakeside Dr, Suite D 854 Lakeside Dr, Suite D Mobile 36615 Brookley Aeroplex - 7 acres Commanders Dr Mobile 36615 11,500 sf building 1931 9th St Mobile 36615 7,644 sf warehouse (Building 2) 1779 6th St Mobile 176,000 11,850 8,500 $7.00 2,500 Mobile Mobile 11,550 1974 3,900 $8.00 4,500 $5.50 4,500 14,310 $6.00 7,644 4,275 7,644 Joseph G. Betbeze, Jr. (251) 476-4111 Joseph G. Betbeze, Jr. (251) 476-4111 Joseph G. Betbeze, Jr. (251) 476-4111 Terry Mckinney 251-460-0910 Richard Mann 251-300-3396 Cameron Weavil 251-438-6000 Cameron Weavil 251-438-6000 Holly Shirley 251-300-3397 Todd Drummond 251-694-1180 Todd Drummond 251-694-1180 Todd Drummond 251-694-1180 Todd Drummond 251-694-1180 Todd Drummond 251-694-1180 Todd Drummond 251-694-1180 Todd Drummond 251-694-1180 Todd Drummond 251-694-1180 Todd Drummond 251-694-1180 Carleen Stout 251-650-1487 Carleen Stout 251-650-1487 Carleen Stout 251-650-1487 36608 Outparcels - total of 27 acres Mobile Regional Airport Mobile 36608 Hangar/Office Space 8400 Airport Blvd Mobile Nowlin St & Madea St Mobile Perimeter Rd & Michigan Ave Mobile Gatotkoco Dr Mobile 16th Street Circle (at Ft. Whiting & U.S. Coast Mobile 15th St & Broad St Mobile off Broad St (total of 7 units) Mobile 21,600 151,200 6,600 36615 36615 36615 36615 36615 36615 Brookley Aeroplex - 10 acres Brookley Aeroplex - 15 acres Brookley Aeroplex - 25 acres Brookley Aeroplex - 27 acres Brookley Aeroplex Office Building no. 1 21,600 sf Warehouse Buildings 24,400 $36,615.00 28,000 36693 3675 Government Blvd. 3675 Government Blvd. Mobile 6,600 36615 2220 Michigan Ave 2220 Michigan Ave Mobile 11,100 $5.50 9,630 36607 Former Dillards Warehouse 65 Sydney Phillips Drive Mobile 76,496 $3.25 76,496 36610 Braco Industrial Park 1315 St. Stephens St. Prichard 28,000 36567 Robertsdale - Hwy 59 N 23755 Hwy 59 Robertsdale 13,600 36572 Cain Industrial Park Baldwin Road Satsuma 36575 3180 Snow Road N 3180 Snow Road N Semmes 1999 12,875 $0.43 12,875 36582 5460 Middle Rd 5460 Middle Rd Theodore 2004 10,000 $5.50 10,000 36582 5730 Middle Rd. 5730 Middle Rd Theodore 36582 5275 Business Parkway 5275 Business Parkway Theodore 36582 5365 Willis Road 5365 Willis Road Theodore 36619 Kooiman Rd Warehouses 5235 Kooiman Rd Theodore 11,000 5,000 1985 38,500 $4.50 12,230 $3.50 38,500 Carleen Stout 251-650-1487 Carleen Stout 251-650-1487 Carleen Stout 251-650-1487 Carleen Stout 251-650-1487 Carleen Stout 251-650-1487 Carleen Stout 251-650-1487 Carleen Stout 251-650-1487 Carleen Stout 251-650-1487 Mike Mcaleer 251-473-7517 Mike Mcaleer 251-473-7517 Jeremy B. Milling, Ccim 251-471-1000 Terry Mckinney 251-460-0910 Lewis Golden 251-694-1180 Pete Riehm 251-438-4312 Cynthia Byrd 251-649-1000 David Cooper (251) 639-4007 David Cooper (251) 639-4007 Adam Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Mitchum Jackson (251) 479-8606 36582 Business Parkway 5275 Business Parkway Theodore Mobile South Business Park Rangeline Road Warehouse 5300 Carol Plantation Road 5155 Mobile South Street Theodore 5460 Rangeline Road Theodore 5300 Carol Plantation Road Theodore 36582 Hamilton Blvd 5245 Hamilton Blvd Theodore 36582 Business Parkway 5275 Business Parkway Theodore 36582 36619 36582 5,000 $7.25 5,000 $4.50 14,000 5,000 $5.50 9,350 $6.25 5,000 Mitchum Jackson (251) 479-8606 Mitchum Jackson (251) 479-8606 John D. Peebles (251) 438-4312 Terry Mckinney 251-460-0910 Pratt Thomas 251-476-0808 Jeremy B. Milling, Ccim 251-471-1000 Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Telephone: 251-928-1708 Fax: 251-928-1046 Website: http://www.southalabamamls.com E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Industrial Properties Advertised For Sale Winter 2012 Table 4 Advertised Sale Price Per S.F. by Property Zip Code 36507 36507 36525 36525 36525 36525 36525 36525 36525 36526 36526 36526 36526 36526 36526 36526 36532 36532 36551 36551 36551 36551 36607 Advertised Sales Price $3,990,000 $299,900 $2,695,000 $100,000 $200,000 $150,000 $125,000 $2,070,000 Advertised Building S.F. 409,000 6,000 $398,000 $750,000 $700,000 $273,000 $341,250 $341,250 $495,000 $1,099,000 $389,000 $110,000 $4,000,000 $235,000 $965,000 $425,000 5,625 15,600 12,600 45,650 7,500 110,000 24,368 11,700 36606 36605 36619 36617 36612 36605 36610 36610 36606 36603 36602 36602 36619 36608 36618 36693 36603 36603 36615 36693 36617 36608 36693 36602 36607 36606 36602 36693 36603 36603 36604 35661 36567 36571 36571 36572 36572 36671 36575 $350,000 $383,250 $450,000 $340,000 $430,000 $420,000 $600,000 $225,000 $398,000 $520,000 $990,000 $2,700,000 $495,000 $350,000 $1,375,000 $225,000 $138,000 $190,000 $625,000 $39,000 $230,000 $775,000 $550,000 $320,000 $269,000 $390,000 $3,985,000 $530,000 $819,000 $400,000 $1,364,000 $350,000 $640,000 $200,000 $349,900 10,800 8,400 21,000 11,800 7,500 12,500 22,985 23,400 3,200 11,550 14,310 4,800 176,000 11,850 23,000 10,960 13,600 718,740 12,875 36582 36582 36582 36619 36582 36582 36582 36582 36582 36582 36582 36582 36582 36582 36582 36582 36619 Median Properties Reporting $350,000 $800,000 $325,000 $2,200,000 $250,000 $180,000 $495,000 $110,000 $115,000 $110,000 $105,000 $2,274,000 $729,000 $166,500 $239,900 $229,500 $289,500 $386,125 74 479,160 5,000 5,000 8,000 3,000 5,000 11,850 35 Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Website: http://www.southalabamamls.com Telephone: 251-928-1708 Fax: 251-928-1046 E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Industrial Properties Advertised For Sale Winter 2012 Price Per S.F by Property Table 5 Zip Code Sales Price 36507 36507 36525 36525 36525 36525 36525 36525 36525 36526 36526 36526 36526 36526 36526 36526 36532 36532 36551 36551 36551 36551 36607 36606 36605 $3,990,000 $299,900 $2,695,000 $100,000 $200,000 $150,000 $125,000 $2,070,000 $398,000 $750,000 $700,000 $273,000 $341,250 $341,250 $495,000 $1,099,000 $389,000 $110,000 $4,000,000 $235,000 $965,000 $425,000 $350,000 $383,250 Building S.F. 409,000 6,000 Site S.F.* 6,000 Acres 12 0.66 770 5 20 10 5 Sales Price Sales Price per Building per Site S.F. S.F. $9.76 $49.98 $49.98 $70.76 $48.08 $55.56 45,650 7,500 5,625 15,600 12,600 7,000 8,750 8,750 12,800 45,650 7,500 110 5 1.5 1.5 7.06 0.43 $24.07 $51.87 $70.76 $48.08 $55.56 $39.00 $39.00 $39.00 $38.67 $24.07 $51.87 110,000 110,000 13 $36.36 $36.36 24,368 11,700 10,800 24,368 11,700 10,800 7.5 0.4 0.75 $39.60 $36.32 $32.41 $39.60 $36.32 $32.41 5,625 15,600 12,600 36619 36617 36612 36605 36610 36610 36606 36603 36602 36602 36619 36608 36618 36693 36603 36603 36615 36693 36617 36608 36693 36602 36607 36606 36602 36693 36603 36603 36604 35661 36567 36571 36571 36572 36572 36671 36575 36582 36582 $450,000 $340,000 $430,000 $420,000 $600,000 $225,000 $398,000 $520,000 $990,000 $2,700,000 $495,000 $350,000 $1,375,000 $225,000 $138,000 $190,000 $625,000 $39,000 $230,000 $775,000 $550,000 $320,000 $269,000 $390,000 $3,985,000 $530,000 $819,000 $400,000 $1,364,000 $350,000 $640,000 $200,000 $349,900 $350,000 $800,000 $53.57 8,400 4.22 30 13 10.12 $10.71 21,000 5.2 $44.07 11,800 2.09 7,500 12,500 7,500 2.2 $66.00 $28.00 $66.00 4.5 22,985 23,400 3,200 11,550 0.53 23,400 11,550 0.35 5 47.5 0.926 $8.27 $26.71 $26.71 $71.88 $67.10 $67.10 $38.43 14,310 $82.05 3,900 $56.04 4,800 176,000 11,850 23,000 10,960 13,600 11,850 23,000 718,740 12,875 479,160 12,875 11 1 1.9 5.8 5 $22.64 $44.73 $35.61 $44.73 $35.61 $29.41 6.84 16.5 $0.89 1.02 $27.18 11 $1.67 $27.18 36582 $325,000 5,000 36619 $2,200,000 36582 $250,000 5,000 36582 $180,000 36582 $495,000 8,000 36582 $110,000 36582 $115,000 36582 $110,000 36582 $105,000 36582 $2,274,000 36582 $729,000 36582 $166,500 36582 $239,900 3,000 36582 $229,500 5,000 36619 $289,500 Median $386,125 11,850 Properties 74 35 Reporting Median Sales Price Per Building S.F. Median Sales Price Per Site S.F. 5,000 $65.00 $65.00 0.2 43.26 1 $50.00 1.7 $61.88 $61.88 $79.97 $45.90 $79.97 $45.90 10,800 2 1.24 2.96 5 $41.83 $44.73 25 48 34 25 8,000 12 108 3,000 5,000 $41.83 $44.73 Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Website: http://www.southalabamamls.com Baldwin County Association of REALTORS® Newsletter Telephone: 251-928-1708 Fax: 251-928-1046 E-mail: Marthataylor@baldwinrealtors.org Industrial Properties Winter 2012 Masterfile of Industrial Properties Advertised for Sale Table 6 Zip Code Property Name Address 36507 Hwy 31 Distribution Center 2410 U.S. Hwy 31 36507 6,000 SF Warehouse for Sale or 421 Oak Street Lease 36525 Virginia Station Parcel F 36525 City Sales Price Site S.F. Bay Minette $3,990,000 Bay Minette $299,900 1100 Radcliff Road Creola $2,695,000 Virginia Station Parcel C 1100 Radcliff Road Creola $100,000 36525 Virginia Station Parcel A 1100 Radcliff Road Creola $200,000 36525 Virginia Station Parcel B 1100 Radcliff Road Creola $150,000 36525 Virginia Station Advantage Site 1100 Radcliff Road Creola $125,000 36525 Virginia Station Parcel E 1100 Radcliff Road Creola $2,070,000 36525 2 Outstanding Warehouse/Distribution Sites Hwy 43 & I-65 Corridor Creola Call For Pricing 36526 Daphne Office/Warehouse 9101 Milton Jones Rd. Daphne $398,000 Building Agent Name & S.F. Phone # 409,000 6,000 6,000 5,625 5,625 Philip Hodgson 251990-6622 Haran Hunter 251-981-2400 Terry Mckinney 251460-0910 Terry Mckinney 251460-0910 Terry Mckinney 251460-0910 Terry Mckinney 251-460-0910 Terry Mckinney 251-460-0910 Terry Mckinney 251-460-0910 John D. Peebles (251) 438-4312 Philip Hodgson 251-990-6622 36526 25421 Highway 181 25421 Highway 181 Daphne $750,000 15,600 15,600 36526 25421-A Highway 181 25421-A Highway 181 Daphne $700,000 12,600 12,600 1018 Stanton Road Daphne $273,000 7,000 1026 Stanton Road Daphne $341,250 8,750 1030 Stanton Road Daphne $341,250 8,750 1014 Stanton Road Daphne $495,000 12,800 36526 36526 36526 36526 TK Business Park-1018 Stanton Road in Daphne AL TK Business Park-1026 Stanton Road in Daphne AL TK Business Park-1030 Stanton Road in Daphne AL TK Business Park-1014 Stanton Road in Daphne AL 36532 Pecan Street - Fairhope, AL 451 Pecan Street Fairhope $1,099,000 45,650 45,650 36532 Sledge's Millwork 7800 County Road 24 Fairhope $389,000 7,500 7,500 36551 Commerical Lot 29990 Hwy 49 29990 North Hwy 49 North Loxley Loxley $110,000 36551 Warehouse Space in Loxley, Al Railroad Ave Loxley $4,000,000 110,000 110,000 36551 Hwy 59 Loxley I-10 Business Park Hwy 59 Loxley $235,000 36551 RMS Precision Building 30105 Hwy 59 North Loxley $965,000 24,368 24,368 36607 2904 Mill Street 2904 Mill Street Mobile $425,000 11,700 11,700 36606 3347 Halls Mill Road 3347 Halls Mill Road Mobile $350,000 10,800 10,800 36605 Navco Road 0 Navco Road Mobile $383,250 36619 Bullitt Drive 7821 Bullitt Drive Mobile $450,000 36617 Corporate Drive S. 5 Corporate Drive S. Mobile $340,000 36612 Anton Street 222 Anton Street Mobile $430,000 8,400 Jeff Barnes 251-990-6622 Jeff Barnes 251-990-6622 Beverley Valrie 251-928-9890 Beverley Valrie 251-928-9890 Beverley Valrie 251-928-9890 Beverley Valrie 251-928-9890 Burton Clark (251) 476-6000 Diane Horst, Abr 251981-1324 Joe Steen 251-607-7880 Mitchum Jackson (251) 479-8606 David Cooper (251) 639-4007 Jeremy B. Milling, Ccim 251-471-1000 Joseph G. Betbeze, Jr. (251) 476-4111 Joseph G. Betbeze, Jr. (251) 476-4111 Marl Cummings, Iii (251) 476-6000 Terry Mckinney 251-460-0910 John Delchamps (251) 476-0808 Brian Metcalfe (251) 432-2600 36605 Cassie Lane Cassie Lane Mobile $420,000 36610 I-165 at Bay Bridge Road Interstate 165 Mobile $600,000 36610 I-65 & Hwy. 45 Interstate 65 & Highway 45 Mobile $225,000 36606 Halls Mill @ Riviere Du Chein Halls Mills Rd. across from Riviere Du Chein Dr. Mobile $398,000 36603 211 Mayland Street 211 Maryland Street Mobile $520,000 36602 257 S. Royal Street 257 S. Royal Street Mobile $990,000 36602 S. Royal Street S. Royal Street Mobile $2,700,000 36619 4636 Schillinger Road South 4636 Schillinger Road South Mobile $495,000 36608 McKinley Ave 7733 McKinley Ave Mobile $350,000 36618 Walton Property 7501 & 7511 Howell's Ferry Road Mobile $1,375,000 36693 I-10/Halls Mill Rd Lots Halls Mill Rd just west of River Du Chein Dr Mobile $225,000 36603 Conception Street 705 Conception Street Mobile $138,000 36603 I-10 & Virginia St. Exit 904 Lawrence - Franklin Mobile $190,000 36615 Brookley Warehouse 1944 South Broad Street Mobile $625,000 36693 Alden Dr L 6 Lloyd's Station Industrial Park Alden Drive Lot 6 Mobile $39,000 36617 3405 Beltline Park Dr. 3405 Beltline Park Dr. Mobile $230,000 36608 8420 Tanner Williams Road 8420 Tanner Williams Road Mobile $775,000 36693 Laughlin Industrial Park 4525 Halls Mill Road Mobile Call For Pricing 21,000 11,800 7,500 7,500 12,500 22,985 23,400 23,400 3,200 11,550 11,550 Brian Metcalfe (251) 432-2600 Brian Metcalfe (251) 432-2600 Brian Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Mitchum Jackson (251) 479-8606 Allan R. Cameron, Jr. (251) 438-4312 John D. Peebles (251) 438-4312 Tammy Adcock 251-438-4312 Tammy Adcock 251438-4312 Tommy Praytor, Ccim 251-343-9890 David Cooper (251) 639-4007 David Cooper (251) 639-4007 Richard Mann 251-300-3396 Todd Drummond 251694-1180 36602 257 St Joseph Street 257 St Joseph Street Mobile Call For Pricing 36607 3002 Mill Street 3002 Mill Street Mobile $550,000 36606 3217 Executive Park Circle 3217 Executive Park Circle Mobile $320,000 36602 701 St Louis Street 701 St Louis Street Mobile $269,000 36693 5715 Rabbit Creek Rd 5715 Rabbit Creek Rd Mobile $390,000 36603 McPhillips Manufacturing 301 Yeend St Mobile $3,985,000 36603 Maryland St Property 211 Maryland St Mobile $530,000 11,850 11,850 36604 Mobile Power Brake 1002 Springhill Avenue Mobile $819,000 23,000 23,000 35661 Former Trimac Facility 220 Industrial Drive 36567 Robertsdale - Hwy 59 N 23755 Hwy 59 Robertsdale $400,000 36571 Highway 158 0 Highway 158 Saraland $1,364,000 36571 Mobile River Industrial Park Parcel Bill Myles Drive West Saraland $350,000 36572 Baldwin Road Land West End of Baldwin Road Satsuma $640,000 36572 Highway 43 - 3.06 acres 0 Highway 43 Satsuma $200,000 36671 25 +/- ACRES SEMMES AL Semmes AL Semmes Call For Pricing 36575 3180 Snow Road N 3180 Snow Road N Semmes $349,900 36582 5300 Carol Plantation Road 5300 Carol Plantation Road Theodore $350,000 36582 SE Corner of Carol Plantation and Old Pascagoula R Carol Plantation and Old Pascagoula Rd Theodore $800,000 14,310 3,900 4,800 176,000 Muscle Shoals Call For Pricing 10,960 13,600 718,740 12,875 12,875 479,160 Todd Drummond 251694-1180 Todd Drummond 251694-1180 Todd Drummond 251694-1180 Todd Drummond 251694-1180 Todd Drummond 251694-1180 Cameron Weavil 251438-6000 Cameron Weavil 251438-6000 David Dexter 251-471-1000 Jeremy Pope (256) 382-9010 Lewis Golden 251-694-1180 Terry Mckinney 251-460-0910 Allan R. Cameron, Jr. (251) 438-4312 Allan R. Cameron, Jr. (251) 438-4312 David Cooper (251) 639-4007 Todd Drummond 251694-1180 Cynthia Byrd 251-649-1000 Terry Mckinney 251-460-0910 Marietta Urquhart (251) 479-8606 36582 Business Parkway 5275 Business Parkway Theodore $325,000 36619 SouthPort Industrial Estate Hamilton Blvd Theodore $2,200,000 36582 CONVENIENTLY LOCATED SMALL WAREHOUSE 5370 LAURENDINE ROAD Theodore $250,000 36582 5540 E. Rite Rd, Theodore, AL 5540 E Rite Rd Theodore $180,000 36582 9330 Ben Hamilton Rd 9330 Ben Hamilton Rd. Theodore $495,000 Business ParkWay Lot 12 Theodore $110,000 Business ParkWay Theodore $115,000 Business ParkWay Lot 17 Theodore $110,000 Business ParkWay Lot 18 Theodore $105,000 36582 36582 36582 36582 Mobile South Business Park L 12 Mobile South Business Park L 16 Mobile South Business Park L 17 Mobile South Business Park L 18 5,000 5,000 5,000 8,000 8,000 36582 Willis Rd 11.37 Acres Willis Rd Theodore $2,274,000 0 36582 8762 Brasfield Rd 8762 Brasfield Rd. Theodore $729,000 36582 Bellingrath Rd 11.1 acres m/l Bellingrath Rd Theodore $166,500 36582 5998 Hwy 90 5998 Hwy 90 Theodore $239,900 3,000 3,000 36582 Business Parkway 5275 Business Parkway Theodore $229,500 5,000 5,000 36619 Calhoun Road Calhoun Road Tillman's Corner $289,500 Mitchum Jackson (251) 479-8606 John D. Peebles (251) 438-4312 John D. Peebles (251) 438-4312 David Cooper (251) 639-4007 David Cooper (251) 639-4007 David Cooper (251) 639-4007 David Cooper (251) 639-4007 David Cooper (251) 639-4007 David Cooper (251) 639-4007 David Cooper (251) 639-4007 Tony Cooper, Ccim (251) 639-4007 Tony Cooper, Ccim (251) 639-4007 Tony Martin 251639-4007 Jeremy B. Milling, Ccim 251-471-1000 Adam Metcalfe (251) 432-2600