108 Cloverdale Drive, Alabaster, AL for sale

Investment Overview

108 Cloverdale Drive presents an excellent investment opportunity in Alabaster, Alabama. This ±6,000 SF flex/warehouse property sits on approximately 0.5 acres and is 100% leased to Next Level AVL through October 2029, with 4% annual rent escalations. The building features 1,800 SF of office space, 4,200 SF of warehouse space, 19'5" clear heights, dock-high and drive-in access, and M-1 zoning. Offered at $900,000 with a 7% cap rate, the property provides investors with established rental income and annual rent growth.

Investment Highlights

• 100% Leased Investment: Fully leased to Next Level AVL through October 31, 2029, providing established rental income.
• Annual Rent Growth: Lease includes 4% annual rent escalations.
• Versatile Flex/Warehouse Space: ±6,000 SF building featuring 1,800 SF of office space and 4,200 SF of warehouse space on approximately 0.5 acres.
• Recently Renovated Offices: Office space updated in Q4 2025 with new flooring, lighting, paint, serviced HVAC, and a new water heater.
• Functional Warehouse Features: 19'5" clear heights, two dock-high doors, drive-in access, and a sprinkler system.
• Flexible Industrial Zoning: M-1 zoning supports a variety of industrial and warehouse uses.
• Strategic Industrial Location: Convenient access to I-65 and Highway 31 within Alabaster's established industrial corridor.