Mobile and Baldwin County
Industrial Properties
For Lease and For Sale
Summer 2010
“Data you can use.”
“Education you can use”
This report and others are found on the Center website at
http://cres.southalabama.edu
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.
Industrial Report
Summer 2010
Page 1 of 27
Introduction
The following report is one of four commercial reports generated by the Center
for Real Estate Studies in the Mitchell College of Business. This report contains
information for Summer 2010 Industrial properties.
Readers should know that the data covers advertised "for lease" and "for sale"
data only. Final Sale information is excluded.
The information source for the Industrial data is the Commercial Property
Directory, Birmingham, AL. (www.commercialpropertydirectory.com)
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, contact the Center for Real Estate Studies:
Dr. Don Epley, Director Phone: (251)460-6735 Email:
depley@usouthal.edu
The data for this report was completed by:
Shirley Harvey, MBA Student
Mitchell College of Business
Table of Contents
Report Summary …………………………………………………………………………Page - 3
List of Zip Codes ………………………………………………………………………… Page - 4
Table 1:
Asking Lease Rate per Square Foot by Property …………………… Pages - 5 - 7
Table 2:
Table 3:
Vacancy Rate by Property ………………………………………………………Pages - 8 - 10
Total Market of Industrial Properties Advertised for Lease
Mobile …………………………………Pages - 11 - 15
Baldwin …………………………………Page - 16
Table 4:
Advertised Sales Price per S.F. by Property ……………………………Pages - 17 - 19
Table 5:
Sales Price per S.F. by Property ………………………………………………Pages - 20 - 22
Table 6:
Industrial Properties Advertised for Sale
Mobile …………………………………Pages - 23 - 26
Baldwin …………………………………Pages - 26 - 27
Industrial Report
Summer 2010
Page 2 of 27
Mobile & Baldwin County
Reporting Summary
2010 Advertised Industrial Properties for Lease:
Total Properties Listed ……………………
68
Asking Lease Rate per S.F. …………..…
Median $5.50 on 43 Properties Reporting
Advertised S.F. …………..…..……………..
Median 9,800 on 40 Properties Reporting
Total Advertised S.F. ………………………
816,086 on 40 Properties Reporting
Available S.F. ………………………………….
Median 9815 on 56 Properties Reporting
Total Available S.F. …………………………
1,316,940 on 56 Properties Reporting
2010 Advertised Industrial Properties for Sale:
Total Properties Listed …………………….
63
Sales Price ………………………………………
Median $370,000 on 61 Properties Reporting
Building S.F. ……………………………………
Median 10,800 on 25 Properties Reporting
Sales Price per Building S.F. …………….
Median $42.73 on 24 Properties Reporting
Site S.F. ……………………………………….….
Median 134,818 on 42 Properties Reporting
Sales Price per Site S.F. ……………………
Median $3.57 on 42 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. Owner-occupied
property is excluded, also.
Industrial Report
Summer 2010
Page 3 of 27
Zip Code, City and Area Code
Zip Code
City
36505
36509
36512
36521
36522
36523
36525
36528
36541
36544
36560
36568
36571
36572
36575
36582
36587
36590
Axis
Bayou La Batre
Bucks
Chunchula
Citronelle
Coden
Creola
Dauphin Island
Grand Bay
Irvington
Mount Vernon
Saint Elmo
Saraland
Satsuma
Semmes
Theodore
Wilmer
Theodore
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
36601
36602
36603
36604
36605
36606
36607
36608
36609
36610
36611
36612
36613
36615
36616
36617
36618
36619
36621
36622
36625
36628
36630
36633
36640
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Eight Mile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
Industrial Report
Mobile County
Area Code
Zip Code
36641
36644
36652
36660
36663
36670
36671
36675
36685
36688
36689
36690
36691
36693
36695
City
Area Code
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
58 Total Mobile
Baldwin County
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 Spgs
Orange Beach
Perdido
Robertsdale
Seminole
Silverhill
Stapleton
Stockton
Summerdale
Area Code
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
21 Total Baldwin County
Summer 2010
Page 4 of 27
Industrial Properties
Table 1.
Mobile and Baldwin County
Advertised For Lease
Summer 2010
Asking Lease Rate per SF by Property
Industrial Report
Zip Code
Asking Lease Per S.F.
Total Advertised S.F.
36526
36526
36527
36527
36532
36535
36535
36544
36551
36567
36575
36575
36578
36578
36582
36582
36582
36582
36582
36582
36582
36582
36582
36602
36602
36602
36603
36603
36603
36605
36606
$6.00
$7.04
5,625
$6.00
$4.50
$4.50
$2.85
$2.00
$12.00
$0.43
9,320
94,049
20,000
124,940
$7.50
$4.16
$6.00
$6.00
$5.50
$7.00
7,200
$7.00
$7.00
$4.50
$5.50
5,000
12,875
10,000
9,038
15,750
8,750
6,000
6,400
13,000
$3.50
$3.50
12,000
3,370
$5.50
Summer 2010
Page 5 of 27
Industrial Properties
Table 1.
Mobile and Baldwin County
Advertised For Lease
Summer 2010
Asking Lease Rate per SF by Property
Industrial Report
Zip Code
Asking Lease Per S.F.
Total Advertised S.F.
36606
36607
36607
36607
36608
36608
36608
36608
36608
36610
36611
36615
36615
36615
36615
36615
36615
36615
36615
36615
36617
36617
36617
36619
36619
36619
36693
36693
36693
36693
36693
$11.00
44,606
$3.25
$36.32
56,000
11,700
$10.75
$7.50
$2.25
$5.50
$5.75
$4.50
$4.50
11,550
2,240
27,500
6,000
78,000
11,100
48,000
21,600
7,850
5,900
$5.02
$2.25
$3.00
$6.00
$3.50
8,360
7,500
38,500
$8.50
6,600
$6.90
$6.50
Summer 2010
17,463
Page 6 of 27
Industrial Properties
Table 1.
Mobile and Baldwin County
Advertised For Lease
Summer 2010
Asking Lease Rate per SF by Property
Zip Code
36693
36693
36693
36693
36693
36693
Median
Properties Reporting
Industrial Report
Asking Lease Per S.F.
Total Advertised S.F.
$5.00
$1.25
$8.67
$5.50
9,600
16,800
2,900
4,000
9,000
9,800
43
40
Summer 2010
Page 7 of 27
Industrial Properties
Table 2.
Mobile and Baldwin County
Advertised For Lease
Summer 2010
Vacancy Rate by Property
Zip Code
36526
36526
36527
36527
36532
36535
36535
36544
36551
36567
36575
36575
36578
36578
36582
36582
36582
36582
36582
36582
36582
36582
36582
36602
36602
36602
36603
36603
36603
36605
36606
Industrial Report
Total Advertised
S.F.
5,625
9,320
94,049
20,000
124,940
5,000
12,875
7,200
10,000
9,038
15,750
8,750
6,000
Advertised
Available S.F.
6,035
3,750
8,720
2,500
9,320
94,049
20,000
124,940
46,000
12,875
4,000
7,200
7,200
10,500
3,500
10,000
9,038
15,750
8,750
6,000
Calculated
Vacancy Rate
66.67%
100.00%
100.00%
100.00%
100.00%
0.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
9,350
63,628
6,400
13,000
12,000
3,370
0.00%
0.00%
176,000
11,800
12,000
3,370
23,500
Summer 2010
100.00%
100.00%
Page 8 of 27
Industrial Properties
Table 2.
Mobile and Baldwin County
Advertised For Lease
Summer 2010
Vacancy Rate by Property
Zip Code
36606
36607
36607
36607
36608
36608
36608
36608
36608
36610
36611
36615
36615
36615
36615
36615
36615
36615
36615
36615
36617
36617
36617
36619
36619
36619
36693
36693
36693
36693
36693
Industrial Report
Total Advertised
S.F.
Advertised
Available S.F.
Calculated
Vacancy Rate
44,606
8,712
14,310
19.53%
56,000
11,700
11,550
2,240
27,500
6,000
78,000
11,100
48,000
21,600
7,850
5,900
8,360
7,500
38,500
6,600
17,463
11,700
4,000
11,550
2,240
28,000
60,000
9,630
15,000
17,500
12,000
151,200
28,000
8,360
50,000
42,000
7,500
38,500
5,000
6,600
8,600
17,463
8,500
Summer 2010
0.00%
100.00%
100.00%
100.00%
0.00%
0.00%
76.92%
86.76%
25.00%
700.00%
0.00%
100.00%
100.00%
100.00%
100.00%
100.00%
Page 9 of 27
Industrial Properties
Table 2.
Mobile and Baldwin County
Advertised For Lease
Summer 2010
Vacancy Rate by Property
Zip Code
36693
36693
36693
36693
36693
36693
Total
Median
Properties
Reporting
Industrial Report
Total Advertised
S.F.
Advertised
Available S.F.
4,100
8,000
16,800
2,900
9,600
16,800
2,900
4,000
9,000
816,086
9,800
9,000
1,316,940
9,815
40
56
Summer 2010
Calculated
Vacancy Rate
83.33%
100.00%
100.00%
0.00%
100.00%
Page 10 of 27
Industrial Properties
Table 3.
Mobile and Baldwin County
Summer 2010
Mobile
Total Market of Industrial Properties Advertised for Lease
Zip Code
Property Name
Address
City
Year
Built
Total
S.F.
Lease
Available Agent Name &
Price
S.F.
Phone #
Per S.F.
36544
12045 Padgett Switch Road 12045 Padgett Switch Road
Irvington
1995
124940
$2.85
124940
36575
3180 Snow Road N
3180 Snow Road N
Semmes
1999
12875
$0.43
12875
9757 Betty's Way
Semmes
2008
5821 Rangeline Road Bldg 202
Theodore
$6.00
10500
$6.00
3500
Deep South Granite &
Marble
Rangeline
Office/Warehouse
Rangeline
Office/Warehouse
10,000 SF Warehouse space
5670 Middle Rd
5270 Business ParkWay
9,038 SF Ofc/W/H
15,750 sf upscale ofc w/h
for sale or lease 5500 P
8750 SF Ofc WH Business
ParkWay
5821 Rangeline Road Bldg 107
Theodore
5460 Middle Rd
Theodore
2004
10000
$5.50
10000
5270 Business ParkWay
Theodore
2004
9038
$7.00
9038
5500 Plantation Rd
Theodore
2000
15750
5540 Business ParkWay
Theodore
2010
8750
$7.00
8750
36582
5128 Mobile South St
5128 Mobile South St
Theodore
2008
6000
$7.00
6000
36582
Mobile South Business Park 5155 Mobile South Street
Theodore
$4.50
36582
Hamilton Blvd
5245 Hamilton Blvd
Theodore
$5.50
36602
GM & O Building
110 Beauregard Street
36575
36582
36582
36582
36582
36582
36582
Industrial Report
Mobile
Summer 2010
4000
15750
9350
63628
Adam Metcalfe
251-432-2600
Cynthia Byrd
251-649-1000
Cynthia Byrd
251-649-1000
Lewis Golden
251-443-8995
Lewis Golden
251-443-8995
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
Mitchum Jackson
251-479-8606
Pratt Thomas
251-476-0808
Pete Riehm
251-438-4312
Page 11 of 27
Table 3.
Industrial Properties
Mobile
Summer 2010
Total Market of Industrial Properties Advertised for Lease
Zip Code
Property Name
Address
City
Year
Built
Total
S.F.
Lease
Available Agent Name &
Price
S.F.
Phone #
Per S.F.
36602
206 Maryland Street
206 Maryland Street
Mobile
6400
36602
811 St. Francis Street
811 St. Francis Street
Mobile
13000
36603
McPhillips Manufacturing
301 Yeend St
Mobile
36603
211 Maryland Street
211 Maryland Street
Mobile
36603
961 Congress Street
961 Congress Street
Mobile
12000
36605
4020 Dauphin Island Pkwy
Retail/Warehouse
4020 Dauphin Island Parkway
Mobile
3370
36606
Beltline Hwy
1541 East Beltline Hwy South
Mobile
36606
Dauphin Center
2866 Dauphin Street
Mobile
36607
Mill Street
Office/Warehouse
3002 Mill Street
Mobile
36607
Chricton Street
3200 Chrichton Street
Mobile
56000
$3.25
36607
2904 Mill Street
2904 Mill Street
Mobile
11700
$36.32
36608
7970 Zeigler Blvd
7970 Zeigler Blvd
Mobile
36608
8420 Tanner Williams Road 8420 Tanner Williams Road
Industrial Report
Mobile
Summer 2010
$3.50
176000
11800
1985
44606
$3.50
12000
3370
$5.50
23500
$11.00
8712
14310
11700
4000
11550
11550
Adam Metcalfe
251-432-2600
Adam Metcalfe
251-432-2600
Cameron Weavil
251-438-6000
Adam Metcalfe
251-432-2600
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Deepa Rajan
251-639-4007
Todd Drummond
251-694-1180
John Toomey
251-342-7229
Todd Drummond
251-694-1180
Adam Metcalfe
251-432-2600
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Ty Irby
251-649-1000
Richard Mann
251-300-3396
Page 12 of 27
Table 3.
Industrial Properties
Mobile
Summer 2010
Total Market of Industrial Properties Advertised for Lease
Zip Code
Property Name
Address
City
Year
Built
Total
S.F.
2008
2240
Lease
Available Agent Name &
Price
S.F.
Phone #
Per S.F.
36608
127 Tanner Williams Ct
127 Tanner Williams Ct
Mobile
36608
Hangar/Office Space
8400 Airport Blvd - Mobile
Regional Airport
Mobile
27500
36608
Airway Park Warehouse
8043 Airway Park Dr.
Mobile
6000
36610
Braco Industrial Park
1315 St. Stephens St.
Prichard
36611
1511 Telegraph RdChickasaw,Alabama
1511 Telegraph Road
Chickasaw
78000
$2.25
60000
36615
2220 Michigan Ave
2220 Michigan Ave
Mobile
11100
$5.50
9630
36615
2225 Ave O
2225 Ave O
Mobile
$5.75
36615
Office/Warehouse in
Brookley
2048 B South Broad St
Mobile
$4.50
15000
36615
Building in Brookley
1771 15th Street
Mobile
$4.50
17500
36615
Air Cargo Building
2455 Michigan Ave
Mobile
48000
12000
36615
21,600 sf Warehouse
Buildings
off Broad St (total of 7 units)
Mobile
21600
151200
36615
Building 2
1779 6th St
Mobile
7850
36615
5,900 sf building
2248 Michigan Ave
Mobile
5900
36615
Office Building no. 1
15th St & Broad St
Mobile
28000
Industrial Report
Summer 2010
$10.75
2240
$7.50
28000
Angela McArthur
251-639-4007
Carleen Stout
251-650-1487
John Delchamps
251-476-0808
Terry McKinney
251-460-0910
Mike McAleer
251-473-7517
Mike McAleer
251-473-7517
Mike McAleer
251-473-7517
Mitchum Jackson
251-479-8606
Mitchum Jackson
251-479-8606
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
Page 13 of 27
Table 3.
Industrial Properties
Mobile
Summer 2010
Total Market of Industrial Properties Advertised for Lease
Zip Code
Property Name
Address
City
Year
Built
Total
S.F.
36617
1800 E I-65 Service Rd N
1800 E I-65 Service Rd N
Mobile
36617
Paper Products
3440 Armour Blvd
Mobile
36617
Former Gulf Eagle Supply
3451 Georgia Pacific Ave
Mobile
36619
4636 Schillinger Road South 4636 Schillinger Road South
36619
Kooiman Rd Warehouses
5235 Kooiman Rd
Theodore
1985
36619
5870 Old Pascagoula Road
5870 Old Pascagoula Road
Theodore
2007
36693
Joy Spring Drive
3740 Joy Springs Drive
Mobile
36693
3675 Government Blvd.
3675 Government Blvd.
Mobile
36693
Halls Mill Road Warehouse 4345 Halls Mill Road
Mobile
36693
779 LAKESIDE DR
Mobile
36693
Lakeside Office/Warehouse 801 Lakeside Drive
Mobile
8500
36693
854 Lakeside Dr
854 Lakeside Dr
Mobile
4100
36693
2342 W I-65 Service Road
2342 W I-65 Service Road
Mobile
1981
9600
$5.00
8000
36693
1668 W I-65 Service Rd. S
1668 W I-65 Service Rd. S
Mobile
1981
16800
$1.25
16800
Industrial Report
779 LAKESIDE DR
8360
Lease
Available Agent Name &
Price
S.F.
Phone #
Per S.F.
8360
$2.25
50000
$3.00
42000
7500
$6.00
7500
38500
$3.50
38500
1960's
Mobile
Summer 2010
$5.02
5000
$8.50
6600
1974
17463
6600
$6.90
8600
$6.50
17463
Bob Cooper
251-639-4007
Bernie Heggeman
251-479-8606
Mitchum Jackson
251-479-8606
Adam Metcalfe
251-432-2600
Mitchum Jackson
251-479-8606
Adam Metcalfe
251-432-2600
Ralph Neal, III
251-602-1403
Mike McAleer
251-473-7517
Todd Drummond
251-694-1180
Todd Drummond
251-694-1180
Todd Drummond
251-694-1180
Todd Drummond
251-694-1180
Angela McArthur
251-639-4007
Bob Cooper
251-639-4007
Page 14 of 27
Table 3.
Industrial Properties
Mobile
Summer 2010
Total Market of Industrial Properties Advertised for Lease
Zip Code
Property Name
Address
City
36693
4351 Alden Drive
4351 Alden Drive
Mobile
36693
921 Lakeside Drive
921 Lakeside Drive
Mobile
36693
4501 Halls Mill Road
4501 Halls Mill Road
Mobile
Industrial Report
Summer 2010
Year
Built
Total
S.F.
Lease
Available Agent Name &
Price
S.F.
Phone #
Per S.F.
2900
1983
2900
4000
9000
$8.67
9000
Adam Metcalfe
251-432-2600
Adam Metcalfe
251-432-2600
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Page 15 of 27
Table 3.
Industrial Properties
Baldwin
Summer 2010
Total Market of Industrial Properties Advertised for Lease
Zip Code
Property Name
Address
City
36526
TK Business Park - HVAC
Warehouse
1018 Stanton Road
Daphne
36526
Daphne Office-Warehouse
9101 Milton Jones Rd
Daphne
36527
Highway 31 Warehouse
33112 Highway 31
36527
36532
Old Highway 31 (Bunny
Bread Warehouse)
Taupeka Warehouse
Building
11100 Old US HWY 31
807 Nichols Street
Total
S.F.
5625
Lease
Available Agent Name &
Price
S.F.
Phone #
Per S.F.
$6.00
6035
$7.04
3750
Stapleton
8720
TimberCreek
2500
Fairhope
36535
Peavey Electronics Building 410 EAST SECTION AVE
Foley
36535
9152 Hard Drive
9152 Hard Drive
Foley
36551
Highway 59
Highway 59
Loxley
36567
County Road 54
17274 County Road 54
36578
Warehouse for Lease
36578
7200 SF - Stapleton, AL
Industrial Report
Year
Built
1978
2006
9320
$6.00
9320
94049
$4.50
94049
20000
$4.50
20000
$2.00
46000
Robertsdale
1992
5000
$12.00
36220 Highway 59
Stapleton
2006
7200
$7.50
7200
Hwy 59
Stapleton
$4.16
7200
Summer 2010
LaSha Powell 251928-9890
Dennis Frodsham
251-990-6622
Mitchum Jackson
251-479-8606
Marl Cummings IV
251-476-6000
Bob Taupeka
251-928-3712
John D. Peebles
251-438-4312
Adam Metcalfe
251-432-2600
Adam Metcalfe
251-432-2600
Chad Slaton
251-476-6000
Jeanne McKay
251-405-6400
Joseph Everson 251943-5989
Page 16 of 27
Table 4.
Industrial Properties
Mobile and Baldwin County
Advertised For Sale
Summer 2010
Advertised Sale Price per SF by Property
Industrial Report
Zip Code
Advertised
Sales Price
36502
36507
36507
36507
36523
36525
36530
36532
36532
36535
36535
36535
36541
36544
36544
36544
36551
36551
36551
36551
36560
36562
36567
36567
36567
36567
36575
36575
36575
36578
$4,900,000
$370,000
$325,000
$425,000
$225,000
$2,300,000
$2,250,000
$1,099,000
$389,000
$855,000
$686,000
$36,000
$250,000
$295,000
$2,750,000
$649,749
$235,000
$824,500
$3,650,000
$125,000
$203,000
$455,000
$292,500
$199,500
$950,000
$190,000
$335,000
$549,900
$320,000
$659,000
Summer 2010
Advertised
Square Foot
10,000
13,300
10,000
77,083
45,650
7,500
20,000
10,000
124,940
22,500
64,004
5,000
5,400
12,875
10,000
10,800
Page 17 of 27
Table 4.
Industrial Properties
Mobile and Baldwin County
Advertised For Sale
Summer 2010
Advertised Sale Price per SF by Property
Industrial Report
Zip Code
Advertised
Sales Price
36582
36582
36582
36582
36582
36582
36582
36582
36582
36582
36602
36603
36603
36603
36604
36604
36605
36605
36607
36608
36609
36610
36610
36612
36612
36618
36618
36619
36619
36619
$229,900
$935,000
$525,000
$729,000
$110,000
$180,000
$115,000
$110,000
$105,000
$250,000
Call For Pricing
Call For Pricing
$85,000
$3,985,000
$60,000
$220,000
$420,000
$137,000
$425,000
$775,000
$325,000
$600,000
$349,900
$435,000
$430,000
$375,000
$150,000
$495,000
$290,000
$239,900
Summer 2010
Advertised
Square Foot
15,750
34,931
3,370
11,700
11,550
6,800
6,275
7,500
3,750
Page 18 of 27
Table 4.
Industrial Properties
Mobile and Baldwin County
Advertised For Sale
Summer 2010
Advertised Sale Price per SF by Property
Zip Code
36619
36693
36695
Median
Properties
Reporting
Industrial Report
Advertised
Sales Price
Advertised
Square Foot
$289,500
$398,000
$1,700,000
$370,000
10,800
61
25
Summer 2010
Page 19 of 27
Table 5.
Industrial Properties
Mobile and Baldwin County
Summer 2010
Advertised For Sale
Price Per S.F by Property
Zip Code
Sales Price
36502
36507
36507
36507
36523
36525
36530
36532
36532
36535
36535
36535
36541
36544
36544
36544
36551
36551
36551
36551
36560
36562
36567
36567
36567
36567
36575
36575
36575
36578
$4,900,000
$370,000
$325,000
$425,000
$225,000
$2,300,000
$2,250,000
$1,099,000
$389,000
$855,000
$686,000
$36,000
$250,000
$295,000
$2,750,000
$649,749
$235,000
$824,500
$3,650,000
$125,000
$203,000
$455,000
$292,500
$199,500
$950,000
$190,000
$335,000
$549,900
$320,000
$659,000
Industrial Report
Building
S.F.
10,000
13,300
10,000
Site S.F.*
Acres
435,600
103,673
91,912
103,673
10.00
2.38
2.11
2.38
77,083
45,650
7,500
20,000
10,000
$29.84
307,534
18,731
77,101
7.06
0.43
1.77
124,940
22,500
32,670
148,975
107,158
479,160
409,464
0.75
3.42
2.46
11.00
9.40
64,004
1,502,820
871,200
34.50
20.00
2,831,400
65.00
5,000
5,400
12,875
10,000
10,800
Sales Price Sales Price
per Building per Site
S.F.
S.F.
$11.25
$37.00
$3.57
$24.44
$3.54
$42.50
$4.10
1,263
0.03
56,628
58,370
44,431
35,719
1.30
1.34
1.02
0.82
Summer 2010
$24.07
$51.87
$42.75
$68.60
$3.57
$20.77
$11.09
$22.01
$28.88
$1.10
$1.68
$2.75
$5.74
$1.59
$57.03
$0.55
$4.19
$0.16
$58.50
$36.94
$42.71
$32.00
$61.02
$157.93
$3.36
$5.74
$12.38
$8.96
Page 20 of 27
Table 5.
Industrial Properties
Mobile and Baldwin County
Summer 2010
Advertised For Sale
Price Per S.F by Property
Zip Code
Sales Price
36582
36582
36582
36582
36582
36582
36582
36582
36582
36582
36602
36603
36603
36603
36604
36604
36605
36605
36607
36608
36609
36610
36610
36612
36612
36618
36618
36619
36619
36619
$229,900
$935,000
$525,000
$729,000
$110,000
$180,000
$115,000
$110,000
$105,000
$250,000
Call For Pricing
Call For Pricing
$85,000
$3,985,000
$60,000
$220,000
$420,000
$137,000
$425,000
$775,000
$325,000
$600,000
$349,900
$435,000
$430,000
$375,000
$150,000
$495,000
$290,000
$239,900
Industrial Report
Building
S.F.
15,750
Sales Price Sales Price
per Building per Site
S.F.
S.F.
$1.47
$59.37
$3.25
Site S.F.*
Acres
156,816
287,496
3.60
6.60
4,704,480
108.00
$0.15
43,560
1.00
$5.74
19,166
479,160
0.44
11.00
$4.43
$8.32
140,699
566,280
21,780
17,424
217,800
3.23
13.00
0.50
0.40
5.00
$1.56
$0.74
$6.29
$24.39
$3.56
440,827
10.12
$1.36
1,241,460
1,306,800
65,340
41,382
95,832
283,140
16,117
28.50
30.00
1.50
0.95
2.20
6.50
0.37
$0.35
$0.33
$5.74
$3.62
$5.17
$1.02
$14.88
34,931
3,370
11,700
11,550
6,800
6,275
7,500
3,750
Summer 2010
$40.65
$36.32
$67.10
$47.79
$59.76
$66.00
$63.97
Page 21 of 27
Table 5.
Industrial Properties
Mobile and Baldwin County
Summer 2010
Advertised For Sale
Price Per S.F by Property
Zip Code
Sales Price
Building
S.F.
36619
$289,500
36693
$398,000
36695
$1,700,000
Median
$370,000
10,800
Properties
61
25
Reporting
Median Sales Price Per Building S.F.
Median Sales Price Per Site S.F.
Site S.F.*
Acres
128,938
226,512
174,240
134,818
2.96
5.20
4.00
3
42
42
Sales Price Sales Price
per Building per Site
S.F.
S.F.
$2.25
$1.76
$9.76
$43
$4
24
42
$42.73
$3.57
*Site S.F. obtained by converting acreage listed to square feet by using the conversion
factor: 1 acre = 43560 square feet
Industrial Report
Summer 2010
Page 22 of 27
Industrial Properties
Table 6.
Mobile and Baldwin County
Mobile
Summer 2010
Masterfile of Industrial Properties Advertised for Sale
Zip Code Property Name
Address
City
Sales Price
Building
S.F.
Site S.F.
36523
Land on Hwy 188
14551 Walnut St.
Coden
$225,000
36525
Greif Brothers
1200 Radcliff Road
Creola
$2,300,000
36541
Grand Bay Warehouse
12070 Interchange Dr.
Grand Bay
$250,000
148975.2
36544
Lot 2, Interchange
Commerce Park
Irvington
$295,000
107157.6
Irvington
$2,750,000
124,940
479160
Irvington
$649,749
22,500
409464
Axis
$203,000
36544
36544
Lot 2, Interchange
Commerce Park
12045 Padgett Switch
12045 Padgett Switch Road
Road
8325 Padgett Switch
8325 Padgett Switch Rd
Rd
77,083
36560
Salco Road (35 Acres)
1 Salco Road
36575
Deep South Granite &
Marble
9757 Betty's Way
Semmes
$335,000
36575
3180 Snow Road N
3180 Snow Road N
Semmes
$549,900
12,875
44431.2
36575
10,000 sf Ofc/W/H Morris
Hill Rd
7911 Morris Hill Rd
Semmes
$320,000
10,000
35719.2
36582
Warehouse
S.W. Mobile County
Theodore
$229,900
36582
15,750 sf upscale ofc w/h for
5500 Plantation Rd
sale or lease 5500 P
Theodore
$935,000
36582
Hwy 90 I-10 Business Park
Theodore
$525,000
Industrial Report
5355 Kooiman Road
Summer 2010
58370.4
156816
15,750
287496
Agent Name &
Phone #
Antone Green
251-405-6400
Adam Metcalfe
251-432-2600
Jeanne McKay
251-405-6400
Adam Metcalfe
251-432-2600
Adam Metcalfe
251-432-2600
David Cooper
251-639-4007
Marl Cummings IV
251-476-6000
Cynthia Byrd
251-649-1000
Cynthia Byrd
251-649-1000
David Cooper
251-639-4007
C. M. Bradley
251-344-6399
David Cooper
251-639-4007
David Cooper
251-639-4007
Page 23 of 27
Table 6.
Industrial Properties
Mobile
Summer 2010
Masterfile of Industrial Properties Advertised for Sale
Zip Code Property Name
36582
Address
City
Sales Price
Building
S.F.
Site S.F.
8762 Brasfield Rd
8762 Brasfield Rd.
Theodore
$729,000
Mobile South Business Park
L 12
Lt Industrial Bldg Lot for
10,000 sf bldg
Mobile South Business Park
L 16
Mobile South Business Park
L 17
Mobile South Business Park
L 18
CONVENIENTLY LOCATED
SMALL WAREHOUSE
Business ParkWay Lot
12
Theodore
$110,000
5540 E Rite Rd
Theodore
$180,000
Business ParkWay
Theodore
$115,000
Theodore
$110,000
Theodore
$105,000
Theodore
$250,000
36602
GM & O Building
110 Beauregard Street
Mobile
Call For Pricing
36603
111 Short Texas Street
111 Short Texas St
Mobile
Call For Pricing
36603
Industrial Property in
Downtown Mobile
1051 Ledyard St.
Mobile
$85,000
19166.4
36603
McPhillips Manufacturing
301 Yeend St
Mobile
$3,985,000
479160
36604
Oakleigh Warehouse
1059 Elmira St.
Mobile
$60,000
36604
Lot 1 Interchange
Commerce Park
Lot 1 Interchange
Commerce Park
Thedore
$220,000
140698.8
36605
Cassie Lane
Cassie Lane
Mobile
$420,000
566280
36582
36582
36582
36582
36582
36582
Industrial Report
Business ParkWay Lot
17
Business ParkWay Lot
18
5370 LAURENDINE
ROAD
Summer 2010
4704480
43560
34,931
Agent Name &
Phone #
Tony Cooper, CCIM
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
John D. Peebles
251-438-4312
Pete Riehm
251-438-4312
Bradford Ladd
251-342-8000
Holly Shirley
251-300-3397
Cameron Weavil
251-438-6000
Antone Green
251-405-6400
Adam Metcalfe
251-432-2600
Brian Metcalfe
251-432-2600
Page 24 of 27
Industrial Properties
Table 6.
Mobile
Summer 2010
Masterfile of Industrial Properties Advertised for Sale
Zip Code Property Name
36605
4020 Dauphin Island Pkwy
Retail/Warehouse
Address
4020 Dauphin Island
Parkway
City
Sales Price
Building
S.F.
Site S.F.
Agent Name &
Phone #
Mobile
$137,000
3,370
21780
Deepa Rajan
251-639-4007
Joseph G.
(Joey)Betbeze, Jr.
251-476-4111
36607
2904 Mill Street
2904 Mill Street
Mobile
$425,000
11,700
17424
36608
8420 Tanner Williams Road
8420 Tanner Williams
Road
Mobile
$775,000
11,550
217800
36609
4356 Midmost Drive
4356 Midmost Drive
Mobile
$325,000
6,800
36610
I-165 at Bay Bridge Road
Interstate 165
Mobile
$600,000
36610
HEART OF INDUSTRIAL AREA
1248 Conception
Street Rd.
Mobile
$349,900
36612
Interstate-65 and St.
Stephen's Road
Anton Street
Mobile
$435,000
1241460
36612
Anton Street
222 Anton Street
Mobile
$430,000
1306800
36618
6900 Moffett Rd
6900 Moffett Rd
Mobile
$375,000
36618
7201 Moffett .95 acre
7201 Moffett Rd.
Mobile
$150,000
36619
4636 Schillinger Road South
4636 Schillinger Road
South
Mobile
$495,000
36619
3950 Schillinger Rd N
3950 Schillinger Rd N
Mobile
$290,000
36619
7844 Bullitt Dr 3750 SF
Ofc/W/H
7844 Bullitt Dr
Mobile
$239,900
36619
Calhoun Road
Calhoun Road
Tillman's
Corner
$289,500
Industrial Report
Summer 2010
440827.2
6,275
65340
41382
7,500
95832
283140
3,750
16117.2
128937.6
Richard Mann
251-300-3396
Adam Metcalfe
251-432-2600
Brian Metcalfe
251-432-2600
Don Jones
251-209-5480
Brian Metcalfe
251-432-2600
Brian Metcalfe
251-432-2600
Cynthia Byrd
251-649-1000
Antone Green
251-405-6400
Adam Metcalfe
251-432-2600
Tony Cooper, CCIM
251-639-4007
Tony Cooper, CCIM
251-639-4007
Adam Metcalfe
251-432-2600
Page 25 of 27
Industrial Properties
Table 6.
Mobile
Summer 2010
Masterfile of Industrial Properties Advertised for Sale
Zip Code Property Name
Address
City
Sales Price
Building
S.F.
Site S.F.
36693
Halls Mill Rd/Riviere Du
Chein Drive
Halls Mill Road across
from Riviere Du Chein
Mobile
$398,000
226512
36695
PRIME LAND WEST MOBILE
7870 Old Government
St. Rd.
Mobile
$1,700,000
174240
Table 6.
Industrial Properties
Baldwin
Summer 2010
Agent Name &
Phone #
Adam Metcalfe
251-432-2600
Bryan Hastings
251-405-6400
Masterfile of Industrial Properties Advertised for Sale
Zip Code Property Name
36502
36507
Waterfront/Dauphin Island
Pkwy.
New bank owned 10,000 sf
ofice warehouse
Address
7601 Dauphin Island
Pkwy
40691 Hwy 59
Building
S.F.
City
Sales Price
Site S.F.
Atmore
$4,900,000
Bay Minette
$370,000
10,000
103672.8
435600
36507
Economy Storage 172 Units 40396 Hwy 59 S
Bay Minette
$325,000
13,300
91911.6
36507
New bank owned 10,000 sf
ofice warehouse
40691 Hwy 59
Bay Minette
$425,000
10,000
103672.8
36530
100 acres Elberta
Highway 98
Elberta
$2,250,000
36532
Pecan Street - Fairhope, AL
451 Pecan Street
Fairhope
$1,099,000
45,650
307533.6
36532
Sledge's Millwork
7800 Highway 24
Fairhope
$389,000
7,500
18730.8
36535
9152 Hard Drive
9152 Hard Drive
Foley
$855,000
20,000
77101.2
Industrial Report
Summer 2010
Agent Name &
Phone #
C. M. Bradley
251-344-6399
David Cooper
251-639-4007
Richard Mann
251-300-3396
David Cooper
251-639-4007
Jeanne McKay
251-405-6400
Burton Clark
251-476-6000
Diane Horst, ABR
251-981-1324
Adam Metcalfe
251-432-2600
Page 26 of 27
Table 6.
Industrial Properties
Baldwin
Summer 2010
Masterfile of Industrial Properties Advertised for Sale
Zip Code Property Name
Address
City
Sales Price
Building
S.F.
10,000
36535
Foley Warehouse
12738 County Rd. 65
Foley
$686,000
36535
County Rd. 65 LAND
12738 County Rd. 65
Foley
$36,000
36551
Loxley I-10 Business Park
Hwy 59
Loxley
$235,000
36551
Approved Commercial Park
34.5 Acres
4.5 Miles North of I-10
Hwy 59, Loxley
Loxley
$824,500
36551
Office/Warehouse Complex 26532 RAILROAD AVE
Loxley
$3,650,000
36551
Commerical Lot 29990 Hwy
29990 North Hwy 49
49 North Loxley
Loxley
$125,000
36562
65 ac. PERDIDO
Modelle Bryars Rd.
Perdido
$455,000
36567
County Road 54
17274 County Road 54 Robertsdale
$292,500
5,000
36567
Ohio Street - Robertsdale
18365 Ohio Street
$199,500
5,400
36567
36567
36578
Industrial Report
Robertsdale
Distribution Facility Baldwin
23759 County Road 64 Robertsdale
County
Commercial Lot in
22995 Chicago St. E
Robertsdale
Robertsdale
Highway 59
36220 Highway 59
Stapleton
Warehouse/Office
Summer 2010
Site S.F.
32670
1502820
64,004
871200
2831400
1263.24
$950,000
$190,000
$659,000
56628
10,800
Agent Name &
Phone #
Jeanne McKay
251-405-6400
Jeanne McKay
251-405-6400
David Cooper
251-639-4007
Joe Steen
251-607-7880
Joe Steen
251-607-7880
Joe Steen
251-607-7880
Jeanne McKay
251-405-6400
Chad Slaton
251-476-6000
Marl Cummings IV
251-476-6000
Margery J. Baxter
251-633-2777
Jeanne McKay
251-405-6400
Jeanne McKay
251-405-6400
Page 27 of 27