120 County Shop Rd 35 885 pi² Industriel Immeuble Birmingham, AL 35217 4 662 754 $ CAD (129,94 $ CAD/pi²) 6,55% Taux de capitalisation

Cushman & Wakefield | EGS, as the exclusive listing broker, is pleased to offer for sale 120 County Shop Road, (the “Property”) a fully-leased ±35,885 square foot production/warehouse building in Birmingham, AL on ±8.87 acres.
This property is currently leased to CORE Linen Services ("CORE" or the "Tenant"), formerly known as Crothall Laundry Services, Inc. CORE has committed to a 15-year absolute triple net lease, commencing from August 2023 with contractual lease payments extending through August 2038. Moreover, the Property serves the renowned UAB Healthcare System boasting over 1,100 beds, located a mere 15 minutes away from the location. CORE Linen Services, Inc., backed by a full guarantee from HCLS Intermediate, LLC, a subsidiary of H.I.G. Capital, operates as a leading provider of outsourced laundry and linen management services catering to the healthcare and hospitality sectors. With a national network spanning 29 operating locations, serving over 1,500 customers and supported by 2,000 employees across 90 cities, this location processes approximately 11 million pounds of linens annually, further solidifying its pivotal role in supporting the UAB Hospital System.
Strategically located in a densely populated industrial corridor just 10.5 miles northeast of downtown Birmingham and conveniently close to Birmingham-Shuttlesworth International Airport, the Property enjoys easy access to major highways, including Interstate 65 and Pinehill Rd.