Description

Lagoon Business Loop is a fully leased industrial investment at 1235 Lagoon Business Loop in Montgomery, AL 36117. The 16,600 SF building, completed in 2023, serves as the Alabama Alcoholic Beverage Control Board’s Montgomery Wholesale Distribution Center.

Built for the ABC Board’s distribution operation, the Class A facility sits on 1.01 acres and has truck circulation and access for deliveries. The building’s role as a working wholesale center gives investors a specific operating use behind the occupancy figure. Its modern construction, parking and finishes also reflect the requirements of a purpose-built facility rather than a general-purpose industrial shell.

Within Lagoon Business Park, the Property sits just off the Eastern Boulevard corridor, with access to Interstate 85, Interstate 65 and US Highway 231 for distribution across Central Alabama. Downtown Montgomery is approximately 8 miles (15 minutes) away, connecting the location to the central business district and state government offices. Montgomery Regional Airport is approximately 17 miles (23 minutes) away. Those connections support the tenant’s delivery operations.

The $1,990,000 asking price reflects a 6.39% cap rate and $127,148 in NOI. The Property is 100% occupied by the ABC Board under a modified gross lease with a 10-year initial term and 6 years remaining. For an industrial investor, the proposition is an occupied, recently built distribution facility with an identified state-agency tenant and an established operating role. Review the Offering Memorandum for the investment opportunity.