PROPERTY HIGHLIGHTS

• Investment Opportunity located in an Opportunity Zone

• Zoned Heavy Industry

• Lighted Intersection for Easy Ingress and Egress

• Located in Improving Retail Area

• Excellent Visibility and Signage

Ashley Farrell Leasing & Sales Specialist

843.509.7213

ashley@chasecommercial.com

Douglas A. McCullough, CCIM Vice President - Brokerage

256. 783.4158

dmc@chasecommercil.com

Investment Offering - Creekside

2315 Bob Wallace Avenue & 2809 Newby Road

Huntsville, AL 35805

Investment Offering - Creekside

2315 Bob Wallace Avenue & 2809 Newby Road

Huntsville, AL 35805 PROPERTY INFO &

DESCRIPTION

PROPERTY DESCRIPTION

Creekside is a multi-tenant flex development offering 5 buildings and one parking pad that is situated in an Opportunity

Zone. Each building consists of small flex/industrial warehouse space with a blend of customized office and retail space

to fit the tenant's needs. Several of the units have been converted to fully airconditioned space for either all office or

office/lab/storage space. Some units offer a percentage of office space with the balance as heated and vented ware-

house. Most units in buildings 2, 4 and 5 have grade level drive-in doors of approximately 10'x10' (to be field verified.)

Building 6 is vacant and a prime candidate for redevelopment which could allow for construction of a larger building to

occupy that area.

Building 1 has excellent road visibility and includes a retail component. The bays are approximately 1339 SF and are in

“Raw Shell” condition allowing for the opportunity to customize the floor plans for the tenant’s needs. This building is

positioned well to take full advantage of its Opportunity Zone status.

Purchase Rate: $4,300,000

Square Footage: 71,200+/-

Zoning: Heavy Industry

Year Built: 1985 Building 4 & 5

2006 Building 1 &2

Acreage: 6.29+/- to be verified (3.09 + 3.20)

County: Madison

PIN #: 56958 & 29287

Parcel ID: 17-01-11-1-001-063.000 &

17-01-11-1-001-065.000

2019 Taxes: $14,168.24 & $12,700.84

Insurance: $14,608

Traffic Counts: 125,550+ Memorial Pkwy & 17,000+ VPD on Bob Wallace Ave

Creekside Complex:

5 Buildings and one Parking Pad

• Building 1 - 16,043+/- SF

• Building 2 - 15,467+/- SF

• Building 3 - Parking Pad

• Building 4 - 22,512 +/- SF

• Building 5 - 14,988 +/- SF

• Building 6 - 2,800+/- SF

Click here for more information

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDISIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

Investment Offering

2315 Bob Wallace Avenue & 2809 Newby Road

Huntsville, AL 35805 PHOTOS OF COMPLEX

Building 1 Building 2

Parking Pad is Building 3 Building 4

Building 5 Newby Road Entrance

Investment Offering

2315 Bob Wallace Avenue & 2809 Newby Road

Huntsville, AL 35805 SITE PLAN & AERIAL

Disclaimer: Lines drawn are approximate and should be verified by all parties.

Site Plan

Building 2

# 3 Parking Pad Building 5

Investment Offering

2315 Bob Wallace Avenue & 2809 Newby Road

Huntsville, AL 35805 AERIAL & MAP

Investment Offering

2315 Bob Wallace Avenue & 2809 Newby Road

Huntsville, AL 35805 Huntsville, Alabama

Area Economic Drivers

The “Rocket City” a Southern Tech and Aerospace Hub growing in both size and affluence.

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INCOME POPULATION

• Over 10% Population Growth Since 2010 • Household Incomes Up 10% since 2010

• Median Income of $60,000

• Job growth outperforms the national average.

• Unemployment lowest since 2000.

• Office employment surpassing pre-recession peak.

• High-paying, office-using sectors have driven much of the job growth. Total em-

ployment is more than 20% higher than the Great Recession.

• Alabama ranked 6th nationally for manufacturing job growth in 2018; 10,500 new

jobs.

• U.S. Army/Redstone Arsenal base employs over 43,000 people and expected to

rise to 50,000 by 2025.

• FBI has recently relocated 1,350 Jobs from Washington.

• Major firms Include: Boeing, Polaris, NASA, Lockheed Martin, GE Aviation

Northrop Grumman and, most recently, Toyota and Mazda.

.

EMPLOYMENT

EMPLOYMENT BY NAICS CODES

Investment Offering

2315 Bob Wallace Avenue & 2809 Newby Road

Huntsville, AL 35805 Huntsville, Alabama

Economic Growth Announcements

More than a dozen major economic development projects will bring more than 6,000 new jobs to Huntsville and North Alabama. More than $4.1 billion have been commit-ted to the developments in the past year alone. Click here to view article.

Blue Origin Rocket Engine Manufacturer $200m 400 jobs

Read Details

Aerojet Rocketdyne Rocket Engine Manufacturer $27m 700 jobs

Read Details

BOCAR Auto Parts Manufacturer $115m 300 jobs

Read Details

LG Electronics Solar Module Assembly Plant $28m 160 jobs

Read Details

EOS Remote Weapon Systems Manufacturing $2.8m 100 jobs

Read Details

Facebook Data Center $750m 100 jobs

Read Detail

Google Data Center $600m 100 jobs

Read Details

Carpenter Technology $52m 60 jobs

Read Details

Mazda-Toyota Manufacturing $1.6 B 4,000 jobs

Read Details

GE Aviation Ceramic Components Manufacturer $200m 200 jobs

Read Details

BAE Systems $45.5m 200 jobs

Read Details

MidCity Huntsville $500m 4th largest commercial real estate development in U.S.

Read Details

Investment Offering

2315 Bob Wallace Avenue & 2809 Newby Road

Huntsville, AL 35805 Huntsville

Livability

“Huntsville is the most affordable place to live out of the 125 most populous metro areas in the U.S. for the second year in a row. An above-average median annual salary and low cost of living mean Huntsville residents are keeping more money in their pockets to devote to other things. Just 19.3% of the median household income in Huntsville goes toward housing costs,” wrote U.S. News. https://whnt.com/2019/04/09/huntsville-voted-best-affordable-place-to-live-by-u-s-news/

Best Places 2019 Rank: 11 Metro Population: 444,908 Income Spent on Living Expenses: 19.3% Median Annual Salary: $53,600

Home to the University of Alabama - Huntsville and Alabama A&M University, Huntsville scored high in the education category and has a thriving economy to boot. If you’re looking for a tech job, look no further: Huntsville earned the #1 spot on Livability’s Top 10 Best Cities for STEM Workers list, and was named to our list of Tech Hotspots.

Huntsville is home to both NASA’s Marshall Space Flight Center and the United States Army Aviation & Missile Com-mand at Redstone Arsenal.

Huntsville strikes a perfect balance when it comes to offering big city amenities and maintaining its small-town vibe. There’s access to award-winning restaurants, museums, beautiful parks, and much more. But, you always feel as if you are surrounded by a close-knit community. Talented local artists, innovators, entrepreneurs, and visionaries con-tinue to make the city an exciting place to live by working closely together and sharing their passions. It’s a delicate balance to keep, but Huntsville does it well." https://livability.com/best-places/top-100-best-places-to-live/2019/al/huntsville

Investment Offering

2315 Bob Wallace Avenue & 2809 Newby Road

Huntsville, AL 35805 TEAM

Douglas attended the University of Alabama 1969 through 1972 studying Business Management and Marketing. He graduated from Athens State University in May 2001 with a Bachelor’s degree in Management of Technology. In mid-1999 he joined Chase Commercial Real Estate Services and currently serves as Vice President—Brokerage, Qualifying Broker and NAI Director. He brings over 42 years of experience with property leasing, investment sales, disposition and management of com-mercial real estate and holds a CCIM (Certified Commercial Investment Member) designation. Throughout his career, he has been responsible for tenant and landlord representation, office, industrial and retail leas-ing, brokerage and investment sales and property management.

Ashley graduated Southern Wesleyan University where she received a BS in Business Management. She has been in the Commercial Real Estate Industry since 2000 and holds a real estate license in the State of Alabama and South Carolina and is currently working on her CCIM desig-nation. Ashley is a part of a Commercial Real Estate Team with Douglas McCullough CCIM, where she offers licensed support on properties in Alabama and across our NAI Global platform.

Ashley has successfully served as a Tenant / Buyer Representative and a Seller / Landlord Representative, providing client-centered attention in sales and leasing transactions to include office, industrial, land, retail, property management and investment properties.

Ashley Farrell 843.509.7213 ashley@chasecommercial.com

Douglas A. McCullough, CCIM 256.783.4158 dmc@chasecommercial.com