Overview
Cushman & Wakefield, Inc. and Graham & Company, LLC are pleased to offer for sale a new 459,680 SF distribution building in Montgomery, Alabama, fully leased to Mobis Alabama, LLC.
Mobis Alabama, LLC is part of the Hyundai Motor Group conglomerate. MALLC manufactures auto parts and is a primary supplier of after sale auto parts throughout the US for Hyundai, Kia and Genesis cars. Mobis America, Inc. (MAINC) guarantees the lease. Both entities are 100% owned by Hyundai Mobis Co., LTD, which is also the largest shareholder of Hyundai Motor Company (HMC). HMC manufactures all Hyundai and Genesis cars.
Montgomery is the state capital of Alabama. It is also the home for: Hyundai’s first US auto plant; auto parts manufacturers; Maxwell-Gunter AirForce base; the new CSX Intermodal container yard (under construction) which will connect with the Port of Mobile; two new expensive beverage facilities totaling $1 Billion in costs; and Meta’s new 715,000 SF, $800 Million data center (under construction).
Investment Highlights
Hyundai Motor Group
- #2 Most US Car Sales by a Foreign Manufacturer
- Fastest Growing Car Manufacturer in the US
- Increasing Car Assembly Capacity by 64%
Property Expansion Potential
- The Property will be Used to Store and Distribute After Sale Auto Parts
- The Company’s Growth Will Drive Demand for More Storage and Distribution Capacity
- The Property is Designed to Expand from 459,680 SF to 703,040 SF
- An Expansion Opportunity Usually Boosts an Investor’s Yields Significantly
Excellent Lease
- 14 Year Remaining Lease Term with 2.5% Annual Rent Increases
- No Construction Obligations for an Expansion
Building + Parking
- Above Standard Warehouse/Distribution Building Features
- 5000 Amps of Power which is Above Standard and Important with Energy Demand Accelerating
- Ample Truck Door and Trailer Parking Capacity that Can Be Increased Onsite
Strong Location
- The Property is Adjacent to the 1.15 M SF Hyundai Mobis Parts Manufacturing and Distribution Campus
- Montgomery has Significant Industrial Momentum
Photo Gallery
Sales Team
