CRP East Lease Availability - Cummings Research …...Huntsville, AL 35805 - Cummings Research Park Submarket Property Summary Report MARKET CONDITIONS Vacancy Rates Current YOY Current

CRP East Lease Availability

Page 1

2/13/2019Copyrighted report licensed to Huntsville/Madison County Chamber - 983304.

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2/13/2019

4810 Bradford Dr - Bradford BuildingHuntsville, AL 35805 - Cummings Research Park Submarket

Property Summary Report

BUILDINGType: Class C Office

Tenancy: Single

Year Built: 1965

RBA: 41,000 SF

Floors: 2

Typical Floor: 20,500 SF

Construction: Masonry

LANDLand Area: 3.78 AC

Zoning: Office

EXPENSES PER SFTaxes: $0.29 (2017)

PARCEL

17-03-05-2-001-011.000

LEASINGAvailable Spaces: 20,000 - 41,000 SF Available in 1 Space

Availability: 100% Available; 100% Vacant

AVAILABLE SPACES

Floor Use Type SF Avail Flr Contig Bldg Contig Rent Occupancy Term

P 1st Office Relet 20,000 - 41,000 41,000 41,000 Withheld Vacant 5 Yrs

SALELast Sale: Sold on Jul 28, 2016 for $670,000 ($16.34/SF)

TRANSPORTATIONParking: 112 free Surface Spaces are available; Ratio of 2.73/1,000 SF

Airport: 15 minute drive to Huntsville International-Carl T. Jones Field Airport

Walk Score ®: Car-Dependent (18)

Transit Score ®: Minimal Transit (20)

PROPERTY CONTACTSTrue Owner: Dr. Rao Thotakura Recorded Owner: D & R Developers Inc

Recorded Owner: Bradford Office Properties LLC Prior True Owner: Foley David E Bishop Of Birmingham In Al

Copyrighted report licensed to Huntsville/Madison County Chamber - 983304.

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2/13/2019

4810 Bradford Dr - Bradford BuildingHuntsville, AL 35805 - Cummings Research Park Submarket


MARKET CONDITIONS

Vacancy Rates Current YOY

Current Building 100% 0.0%

Submarket 1-3 Star 7.2% -2.8%

Market Overall 7.4% 0.4%

Gross Asking Rents Per SF Current YOY

Submarket 1-3 Star $16.13 1.8%

Market Overall $17.22 2.3%

Submarket Leasing Activity Current YOY

12 Mo. Leased SF 280,007 22.1%

Months On Market 26.7 9.4 mo

Submarket Sales Activity Current YOY

12 Mo. Sales Volume (Mil.) $9.6 -15.8%

12 Mo. Price Per SF $195 -15.3%


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2/13/2019

4811 Bradford DrHuntsville, AL 35805 - Cummings Research Park Submarket



Tenancy: Multiple

Year Built: 1979; Renov 2018

RBA: 15,300 SF

Floors: 1




PARCEL

17-03-05-1-001-008.000

LEASINGAvailable Spaces: 15,300 SF Available in 1 Space


AVAILABLE SPACES

Floor Suite Use Type SF Avail Flr Contig Bldg Contig Rent Occupancy Term

P 1st 15,300 SFOffice Relet 15,300 15,300 15,300 $11.76/MG Vacant Negotiable

TRANSPORTATIONParking: 40 Surface Spaces are available; Ratio of 2.61/1,000 SF




PROPERTY CONTACTSTrue Owner: Crown Group Recorded Owner: Crown Group


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MARKET CONDITIONS


Current Building 100% 100%




Current Building $10.00 0.0%




12 Mo. Leased SF 280,007 22.1%




12 Mo. Price Per SF $195 -15.3%


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Tenancy: Multiple

Year Built: 1982

RBA: 40,000 SF

Floors: 2



Zoning: Office


PARCEL

17-03-05-1-001-009.000


Availability: 50.0% Available; 37.5% Vacant

AVAILABLE SPACES


P 1st Office Relet 1,000 - 20,000 20,000 20,000 $13.50/MG Negotiable 3 Yrs





KEY TENANTSWillbrook Solutions Inc 3,600 SF

PROPERTY CONTACTSTrue Owner: Crown Group Recorded Owner: Crown Group


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MARKET CONDITIONS


Current Building 37.5% 0.0%







12 Mo. Leased SF 280,007 22.1%




12 Mo. Price Per SF $195 -15.3%


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BUILDINGType: Class B Office

Tenancy: Multiple

Year Built: 1996

RBA: 25,912 SF

Floors: 1




PARCEL

17-03-05-2-001-003.003

AMENITIES

24 Hour Availability



AVAILABLE SPACES


P 1st Office Relet 7,900 7,900 7,900 Withheld Vacant 1 - 10 Yrs





KEY TENANTSKwajalein Range Svc LLC 14,000 SF


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PROPERTY CONTACTSRecorded Owner: Crp East Llc

MARKET CONDITIONS









12 Mo. Leased SF 280,007 22.1%




12 Mo. Price Per SF $195 -15.3%


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2/13/2019

5025 Bradford Dr - Building 1Huntsville, AL 35805 - Cummings Research Park Submarket



Year Built: 2007

RBA: 71,936 SF

Floors: 2


Construction: Reinforced Concrete



PARCEL

17-03-06-1-002-002.000



AVAILABLE SPACES


E 1st 200 Office Sublet 10,000 - 19,162 19,162 19,162 $16.25/FS Vacant Thru Dec 2021





PROPERTY CONTACTSTrue Owner: Bradford Associates LLC Recorded Owner: Bradford Associates Llc Ii

Property Manager: NAI Chase Commercial Realty, Inc.


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5025 Bradford Dr - Building 1Huntsville, AL 35805 - Cummings Research Park Submarket


MARKET CONDITIONS










12 Mo. Leased SF 280,007 22.1%




12 Mo. Price Per SF $195 -15.3%


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2/13/2019

5000 Bradford Dr NW - Research PlaceHuntsville, AL 35805 - Cummings Research Park Submarket



Tenancy: Multiple

Year Built: 1999

RBA: 272,500 SF

Floors: 1





PARCEL

17-03-05-2-001-002.000

AMENITIES

Signage



AVAILABLE SPACES


P 1st 3B Office Relet 5,800 5,800 5,800 $17.50/FS Vacant Negotiable

SALELast Sale: Portfolio of 15 Properties in Huntsville, AL Sold on Jan 3, 2013 for $20,600,000 ($129.71/SF)

TRANSPORTATIONParking: 1,351 free Surface Spaces are available; Ratio of 4.92/1,000 SF





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5000 Bradford Dr NW - Research PlaceHuntsville, AL 35805 - Cummings Research Park Submarket


KEY TENANTSNorthrop Grumman 113,702 SF U.S. General Services Administration 111,948 SF

Qualis Corp 53,550 SF Northrop Grumman Systems Corp 52,238 SF

Northrop Grumman Systems Corp 25,640 SF Industrial Development Board of City of Huntsville 21,657 SF

PROPERTY CONTACTSTrue Owner: Bluerock Residential Growth REIT, Inc. Recorded Owner: Huntsville Nyl Llc

Prior True Owner: Mid-America Apartments, Inc.

MARKET CONDITIONS










12 Mo. Leased SF 280,007 22.1%




12 Mo. Price Per SF $195 -15.3%


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2/13/2019

4900-4970 Corporate Dr - Corporate Park Office & Technical CenterHuntsville, AL 35805 - Cummings Research Park Submarket



Tenancy: Multiple

Year Built: 1985

RBA: 184,811 SF

Floors: 1




Zoning: Research Park East


PARCEL

14-09-32-3-000-004.000

LEASINGAvailable Spaces: 1,263 - 8,216 SF Available in 4 Spaces


AVAILABLE SPACES


P 1st 4960-125FOffice Relet 8,216 8,216 8,216 $13.50 - 14.50/MG 30 Days 3 Yrs

P 1st 4940-A Office Relet 3,239 3,239 3,239 $13.50/MG Vacant 3 Yrs

P 1st 4950-130LOffice Relet 1,263 1,263 1,263 Withheld Vacant Negotiable

P 1st 4910-D Office Relet 3,639 3,639 3,639 Withheld 30 Days Negotiable

TRANSPORTATIONParking: Ratio of 4.50/1,000 SF




KEY TENANTSAlabama Department of Revenue 11,821 SF LMI 9,099 SF

Shearer & Assoc 8,800 SF Combs & Shearer Inc 8,000 SF

Revenue Dept-Taxpayer Svc Ctr 4,650 SF On Line Applications Research 4,200 SF


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4900-4970 Corporate Dr - Corporate Park Office & Technical CenterHuntsville, AL 35805 - Cummings Research Park Submarket


PROPERTY CONTACTSTrue Owner: FGH Corporate Park Ltd. Recorded Owner: FGH Corporate Park Ltd.

Property Manager: NAI Chase Commercial Realty, Inc.

MARKET CONDITIONS










12 Mo. Leased SF 280,007 22.1%




12 Mo. Price Per SF $195 -15.3%


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2/13/2019

4912 Research DrHuntsville, AL 35806 - Cummings Research Park Submarket



Year Built: 1977

RBA: 40,000 SF

Floors: 1



Zoning: C-RP


PARCEL

14-09-32-3-000-019.000



AVAILABLE SPACES


P 1st Office Relet 40,000 40,000 40,000 $10.00/N May 2019 Negotiable





KEY TENANTSLockheed Martin Corp 16,000 SF

PROPERTY CONTACTSTrue Owner: Sharp Companies Recorded Owner: Fifth Avenue Agency Inc


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2/13/2019

4912 Research DrHuntsville, AL 35806 - Cummings Research Park Submarket


MARKET CONDITIONS










12 Mo. Leased SF 280,007 22.1%




12 Mo. Price Per SF $195 -15.3%


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2/13/2019

4940 Research Dr NWHuntsville, AL 35805 - Cummings Research Park Submarket



Tenancy: Multiple

Year Built: 1986

RBA: 24,200 SF

Floors: 1


Construction: Metal


Zoning: Research Park


Opex: $0.18 (2012)

Total Expenses: $0.64 (2012)

PARCEL

14-09-31-0-000-065.000



AVAILABLE SPACES


P 1st A Office New 12,000 12,000 12,000 $9.00/FS 30 Days 3 Yrs

SALELast Sale: Sold on Dec 31, 2014 for $500,000 ($20.66/SF)





KEY TENANTSQualitest Pharmaceuticals 12,100 SF


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2/13/2019

4940 Research Dr NWHuntsville, AL 35805 - Cummings Research Park Submarket


PROPERTY CONTACTSTrue Owner: Dorning Properties LLC Recorded Owner: Dorning Properties LLC

Prior True Owner: Historical Antiques Inc

MARKET CONDITIONS










12 Mo. Leased SF 280,007 22.1%




12 Mo. Price Per SF $195 -15.3%


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2/13/2019

4906 NW Research DrHuntsville, AL 35805 - Cummings Research Park Submarket



Tenancy: Multiple

Year Built: 1981

RBA: 40,000 SF

Floors: 1


Construction: Metal


Zoning: RP


PARCEL

14-09-32-3-000-027.000



AVAILABLE SPACES


P 1st Office Relet 5,000 - 35,000 35,000 35,000 Withheld Vacant Negotiable

TRANSPORTATIONWalk Score ®: Car-Dependent (15)


KEY TENANTSYulista Management Svc LLC 500 SF

PROPERTY CONTACTSRecorded Owner: KBM Enterprises Inc


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2/13/2019

4906 NW Research DrHuntsville, AL 35805 - Cummings Research Park Submarket


MARKET CONDITIONS









12 Mo. Leased SF 280,007 22.1%




12 Mo. Price Per SF $195 -15.3%


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2/13/2019

140 Sparkman Dr NW - Building 140Huntsville, AL 35805 - Cummings Research Park Submarket


BUILDINGType: Class B Industrial

Subtype: Warehouse

Tenancy: Single

Year Built: 1964

RBA: 130,073 SF

Floors: 2


Ceiling Ht: 24'

Construction: Metal



PARCEL

17-03-05-4-000-002.000

LOADINGDocks: 5 ext Drive Ins: 10 tot.

Rail Spots: None

POWER & UTILITIESPower: 277a/480v 3p


Availability: 75.0% Available; 0% Vacant

AVAILABLE SPACES


P 1st Building 140Industrial Sublet 65,036/32,500 ofc 65,036 65,036 $16.50/MG 30 Days Thru Sep 2020

P 2nd Building 140Industrial Sublet 32,536/32,536 ofc 32,536 32,536 $16.50/MG 30 Days Thru Sep 2020

SALELast Sale: Portfolio of 4 Industrial Properties in Huntsville, AL Sold on Nov 2, 2018 for $212,359 ($0.95/SF)

TRANSPORTATIONAirport: 6 minute drive to Huntsville International-Carl T. Jones Field Airport


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KEY TENANTSAAR Corp. 195,109 SF Dynetics 30,000 SF

PROPERTY CONTACTSRecorded Owner: Richard P & Susan E Musgrove Recorded Owner: Susan Musgrove

Prior True Owner: Axis Solutions

MARKET CONDITIONS





Asking Rents Per SF Current YOY





12 Mo. Leased SF 293,678 29.8%



12 Mo. Sales Volume (Mil.) $14.0 1,461.5%

12 Mo. Price Per SF $58 9.8%


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2/13/2019



BUILDINGType: Class C Industrial

Subtype: Warehouse

RBA: 80,744 SF

Ceiling Ht: 24'

PARCEL

17-03-05-4-000-002.000

LOADINGDocks: 3 ext




AVAILABLE SPACES


E 1st Industrial Sublet 80,744 80,744 80,744 $6.50 - 16.50/NNN Negotiable Negotiable




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KEY TENANTSAAR Corp. 80,744 SF


MARKET CONDITIONS










12 Mo. Leased SF 293,678 29.8%






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Subtype: Warehouse

RBA: 9,000 SF

Floors: 1


PARCEL

17-03-05-4-000-002.000

LOADINGDocks: 3 ext




AVAILABLE SPACES


E 1st Industrial Sublet 9,000 9,000 9,000 $6.50 - 16.50/NNN Negotiable Negotiable




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KEY TENANTSAAR Corp 9,000 SF


MARKET CONDITIONS










12 Mo. Leased SF 293,678 29.8%






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140 Sparkman Dr NW - A-51Huntsville, AL 35805 - Cummings Research Park Submarket



Subtype: Warehouse

Year Built: 1964

RBA: 4,500 SF

Floors: 1


Ceiling Ht: 14'


PARCEL

17-03-05-4-000-002.000

LOADINGDrive Ins: 3 tot.


FEATURES

Air Conditioning



AVAILABLE SPACES


E 1st Industrial Sublet 4,500 4,500 4,500 $8.50/TE Negotiable Negotiable



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140 Sparkman Dr NW - A-51Huntsville, AL 35805 - Cummings Research Park Submarket



KEY TENANTSAAR Corp. 4,500 SF


MARKET CONDITIONS










12 Mo. Leased SF 293,678 29.8%






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2/13/2019

5021 Technology Dr NWHuntsville, AL 35805 - Cummings Research Park Submarket



Tenancy: Multiple

Year Built: 1964

RBA: 47,925 SF

Floors: 2


Construction: Steel


Zoning: Research Park East


PARCEL

17-03-05-1-001-018.000



AVAILABLE SPACES


E BSMT Office Relet 14,226 14,226 14,226 Withheld Vacant 3 - 5 Yrs

P 1st Office Relet 19,900 19,900 19,900 Withheld Vacant Negotiable

SALELast Sale: Sold on Jul 7, 2014 for $1,500,000 ($31.30/SF) at 21.01% Cap





PROPERTY CONTACTSTrue Owner: Schrimsher Properties Recorded Owner: 200 Sparkman LLC

Prior True Owner: Joel S Cross Property Manager: Samples Properties, Inc.


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2/13/2019

5021 Technology Dr NWHuntsville, AL 35805 - Cummings Research Park Submarket


MARKET CONDITIONS









12 Mo. Leased SF 280,007 22.1%




12 Mo. Price Per SF $195 -15.3%


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6000-6008 Technology Dr NW - 6000-8 Technology Drive Building 8 High BayHuntsville, AL 35805 - Cummings Research Park Submarket


BUILDINGType: Class C Industrial

Subtype: Warehouse

Year Built: 1988

RBA: 214,200 SF

Floors: 2





PARCEL

17-03-05-4-000-007.000



AVAILABLE SPACES


P 1st Industrial Relet 24,644 24,644 24,644 $7.50/+ELEC Vacant Negotiable

SALELast Sale: Sold on May 25, 2012



PROPERTY CONTACTSRecorded Owner: Crown Leasing Inc


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2/13/2019

6000-6008 Technology Dr NW - 6000-8 Technology Drive Building 8 High BayHuntsville, AL 35805 - Cummings Research Park Submarket


MARKET CONDITIONS










12 Mo. Leased SF 293,678 29.8%






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103 Wynn Dr - Chrysler BuildingHuntsville, AL 35805 - Cummings Research Park Submarket



Subtype: Warehouse

Tenancy: Multiple


RBA: 232,054 SF

Floors: 1


Ceiling Ht: 26'-34'



Zoning: Commercial


PARCEL

17-03-05-4-000-010.000

LOADINGDocks: 7 ext Drive Ins: 3 tot./8'w x 12'h

POWER & UTILITIESPower: 1,200a 3p Heavy

Utilities: Lighting - Metal Halide

FEATURES

Air Conditioning, Fenced Lot



AVAILABLE SPACES


P 1st Industrial Relet 25,000 25,000 25,000 $6.00/NNN Vacant Negotiable

SALELast Sale: Sold on Mar 27, 2015 for $1,800,000 ($7.76/SF)


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103 Wynn Dr - Chrysler BuildingHuntsville, AL 35805 - Cummings Research Park Submarket




KEY TENANTSKohler Company 100,000 SF

PROPERTY CONTACTSTrue Owner: Sharp Companies Prior True Owner: Chrysler Corporation

MARKET CONDITIONS










12 Mo. Leased SF 293,678 29.8%






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106 Wynn DrHuntsville, AL 35805 - Cummings Research Park Submarket



Tenancy: Multiple

Year Built: 1968

RBA: 395,000 SF

Floors: 2





Opex: $6.40 (2006)

PARCEL

17-03-05-4-001-072.000


Availability: 59.5% Available; 0% Vacant

AVAILABLE SPACES


P 1st Office Relet 3,500 - 147,000 147,000 235,000 Withheld 60 Days Negotiable

P 2nd Office Relet 3,500 - 88,000 88,000 235,000 Withheld 60 Days Negotiable

TRANSPORTATIONParking: 1,240 free Surface Spaces are available; Ratio of 3.17/1,000 SF




KEY TENANTSU.S. Army Missile Defense Agency 273,644 SF US Army Strategic Defense 150,000 SF

SPARTA, Inc. 83,921 SF Piccadilly Restaurants 6,750 SF

MCM Huntsville Finance Company Llc 600 SF


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PROPERTY CONTACTSTrue Owner: MCM Huntsville Finance Company Llc Recorded Owner: Mcm Huntsville Finance Co Llc

Property Manager: MCM Huntsville Finance Company Llc

MARKET CONDITIONS









12 Mo. Leased SF 280,007 22.1%




12 Mo. Price Per SF $195 -15.3%


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2/13/2019

110 Wynn Dr - 110 WynnHuntsville, AL 35805 - Cummings Research Park Submarket


BUILDINGType: Class B Flex

Tenancy: Multiple


RBA: 215,485 SF

Floors: 1



Zoning: Research Park Dis…


PARCEL

17-03-05-2-001-006.000

LOADINGDocks: 3 ext Drive Ins: 12 tot.

Rail Spots: None

POWER & UTILITIESPower: 4,000a 3p Heavy



AVAILABLE SPACES


P 1st Flex Relet 35,000 - 168,285 168,285 168,285 $10.00/MG Vacant Negotiable






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110 Wynn Dr - 110 WynnHuntsville, AL 35805 - Cummings Research Park Submarket


KEY TENANTSStrata-G 36,000 SF

PROPERTY CONTACTSTrue Owner: Bluerock Residential Growth REIT, Inc. Recorded Owner: Huntsville Nyl Llc

MARKET CONDITIONS










12 Mo. Leased SF 293,678 29.8%






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Tenancy: Multiple

Year Built: 1991

RBA: 135,295 SF

Floors: 5




Zoning: Cummings Resear…


PARCEL

17-03-05-1-001-016.002



AVAILABLE SPACES


P 4th Office New 14,053 14,053 14,053 $16.50/FS Vacant Negotiable





KEY TENANTSSAIC 56,400 SF Applied Data Trends 30,000 SF

Sirsidynix 15,500 SF Tech Place LLC 2,850 SF

PROPERTY CONTACTSRecorded Owner: Reliance Agents, Inc


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MARKET CONDITIONS










12 Mo. Leased SF 280,007 22.1%




12 Mo. Price Per SF $195 -15.3%


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Year Built: 2004

RBA: 30,480 SF

Floors: 2




PARCEL

14-09-32-3-000-015.000

AMENITIES

24 Hour Availability, Air Conditioning, Central Heating, Partitioned Offices, Signage



AVAILABLE SPACES


P 1st Office Relet 30,000 30,000 30,000 Withheld Vacant Negotiable





PROPERTY CONTACTSRecorded Owner: Sgn Properties Llc


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MARKET CONDITIONS










12 Mo. Leased SF 280,007 22.1%




12 Mo. Price Per SF $195 -15.3%


Page 44

2/13/2019

Location:

Stories:

Total Avail:

Status:

Developer:Management:

Recorded Owner: D & R Developers Inc--

2

Built 1965

Bradford BuildingCummings Research Park ClusterCummings Research Park SubmarketMadison CountyHuntsville, AL 35805

41,000 SF

Building Type: Class C Office

% Leased: 0%

RBA: 41,000 SFTypical Floor: 20,500 SF

Expenses:

112 free Surface Spaces are available; Ratio of 2.73/1,000 SF

2017 Tax @ $0.29/sf

Parking:17-03-05-2-001-011.000Parcel Number:

Floor OccupancyRent/SF/Yr + Svs TermBldg ContigFloor ContigSF Avail Type

20,000 - 41,000 VacantWithheld41,000 41,000 5 yrsP 1st Direct

4810 Bradford Dr - Bradford Building - Cummings Research Park


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Location:

Stories:

Total Avail:

Status:


Recorded Owner: Crown Group--

1

Built 1979, Renov Jun 2018

Cummings Research Park ClusterCummings Research Park SubmarketMadison CountyHuntsville, AL 35805

15,300 SF

Building Type: Class C Office/Loft/Creative Space

% Leased: 0%


Expenses:

40 Surface Spaces are available; Ratio of 2.61/1,000 SF

2017 Tax @ $1.14/sf



15,300 Vacant$11.76/mg15,300 15,300 NegotiableP 1st / Suite 15,300 SF Direct

4811 Bradford Dr


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Location:

Stories:

Total Avail:

Status:


Recorded Owner: Crown Group--

2

Built 1982


20,000 SF


% Leased: 100%


Expenses:


2017 Tax @ $0.77/sf



1,000 - 20,000 Negotiable$13.50/mg20,000 20,000 3 yrsP 1st Direct

4815 Bradford Dr - Cummings Research Park


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Location:

Stories:

Total Avail:

Status:


Recorded Owner: Crp East Llc--

1

Built 1996


7,900 SF

Building Type: Class B Office

% Leased: 69.5%


Expenses:

97 free Surface Spaces are available; Ratio of 3.74/1,000 SF24 Hour Availability

2017 Tax @ $0.78/sf

Amenities:Parking:

17-03-05-2-001-003.003Parcel Number:


7,900 VacantWithheld7,900 7,900 1-10 yrsP 1st Direct

4975 Bradford Dr


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Location:

Stories:

Total Avail:

Status:


Recorded Owner: Bradford Associates Llc IiNAI Chase Commercial Realty, Inc.-

2

Built 2007

Building 1Cummings Research Park ClusterCummings Research Park SubmarketMadison CountyHuntsville, AL 35805

19,162 SF


% Leased: 100%


Expenses:


2017 Tax @ $0.43/sf



10,000 - 19,162 Vacant$16.25/fs19,162 19,162 Thru Dec 2021E 1st / Suite 200 Sublet

5025 Bradford Dr - Building 1 - Bradford Office Park


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Location:

Stories:

Total Avail:

Status:


Recorded Owner: Huntsville Nyl Llc--

1

Built 1999

Research PlaceCummings Research Park ClusterCummings Research Park SubmarketMadison CountyHuntsville, AL 35805

5,800 SF


% Leased: 97.9%


Expenses:

1,351 free Surface Spaces are available; Ratio of 4.92/1,000 SFSignage

2017 Tax @ $0.01/sf; 2007 Combined Est Tax/Ops @ $6.60/sf

Amenities:Parking:

17-03-05-2-001-002.000Parcel Number:


5,800 Vacant$17.50/fs5,800 5,800 NegotiableP 1st / Suite 3B Direct

5000 Bradford Dr NW - Research Place - Cummings Research Park


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Location:

Stories:

Total Avail:

Status:


Recorded Owner: FGH Corporate Park Ltd.NAI Chase Commercial Realty, Inc.-

1

Built 1985

Corporate Park Office & Technical CenterCummings Research Park ClusterCummings Research Park SubmarketMadison CountyHuntsville, AL 35805

16,357 SF

Building Type: Class B Office/Loft/Creative Space

% Leased: 97.6%


Expenses:

Ratio of 4.50/1,000 SF

2017 Tax @ $0.34/sf



3,639 30 DaysWithheld3,639 3,639 NegotiableP 1st / Suite 4910-D Direct

3,239 Vacant$13.50/mg3,239 3,239 3 yrsP 1st / Suite 4940-A Direct

1,263 VacantWithheld1,263 1,263 NegotiableP 1st / Suite 4950-130L Direct

8,216 30 Days$13.50-$14.50/mg8,216 8,216 3 yrsP 1st / Suite 4960-125F Direct

4900-4970 Corporate Dr - Corporate Park Office & Technical Center - Cummings Research Park


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Location:

Stories:

Total Avail:

Status:


Recorded Owner: Fifth Avenue Agency Inc--

1

Built 1977


40,000 SF


% Leased: 100%


Expenses:


2017 Tax @ $0.61/sf



40,000 05/2019$10.00/n40,000 40,000 NegotiableP 1st Direct

4912 Research Dr


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Location:

Stories:

Total Avail:

Status:


Recorded Owner: Dorning Properties LLC--

1

Built 1986


24,200 SF


% Leased: 50.4%


Expenses:


2012 Tax @ $0.46/sf; 2012 Ops @ $0.18/sf



12,000 30 Days$9.00/fs12,000 12,000 3 yrsP 1st / Suite A New

4940 Research Dr NW


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Location:

Stories:

Total Avail:

Status:


Recorded Owner: KBM Enterprises Inc--

1

Built 1981


35,000 SF


% Leased: 12.5%


Expenses: 2009 Tax @ $0.86/sf14-09-32-3-000-027.000Parcel Number:


5,000 - 35,000 VacantWithheld35,000 35,000 NegotiableP 1st Direct

4906 NW Research Dr - Cummings Research Park


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Location:

Stories:

Total Avail:

Status:

Management:Recorded Owner:

-

2

Built 1964


97,572 SF

Building Type: Class B Warehouse

% Leased: 100%

Tenancy: Single Tenant

Land Area: 21.90 AC

-Drive Ins:

24'0" Crane: -

Cross Docks:10Rail Line: None

Utilities: -

Column Spacing: -

Loading Docks: 5 extPower: 277a/480v 3p

Ceiling Height:

RBA: 130,073 SF

Const Mat: Metal

Susan Musgrove

Expenses: 2016 Tax @ $0.70/sf; 2007 Combined Est Tax/Ops @ $0.08/sf17-03-05-4-000-002.000Parcel Number:

Floor OccupancyRent/SF/Yr + Svs TermBldg ContigSF Avail Use/Type

P 65,036/32,500 ofc 30 Days$16.50/mg/16.50 ofc65,036 SubletThru Sep 20201st / Suite Building140

P 32,536/32,536 ofc 30 Days$16.50/mg/16.50 ofc32,536 SubletThru Sep 20202nd / SuiteBuilding 140

140 Sparkman Dr NW - Building 140


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Location:

Stories:

Total Avail:

Status:


-

-

Existing


80,744 SF

Building Type: Class C Warehouse

% Leased: 100%

Tenancy: -

Land Area: -

-Drive Ins:

24'0" Crane: -

Cross Docks:-Rail Line: -

Utilities: -

Column Spacing: -


Ceiling Height:

RBA: 80,744 SF

Const Mat: -

Susan Musgrove

17-03-05-4-000-002.000Parcel Number:


E 80,744 Negotiable$6.50-$16.50/nnn80,744 SubletNegotiable1st



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Stories:

Total Avail:

Status:


-

1

Existing


9,000 SF


% Leased: 100%

Tenancy: -

Land Area: -

-Drive Ins:

- Crane: -


Utilities: -

Column Spacing: -


Ceiling Height:

RBA: 9,000 SF

Const Mat: -

Susan Musgrove

17-03-05-4-000-002.000Parcel Number:


E 9,000 Negotiable$6.50-$16.50/nnn9,000 SubletNegotiable1st



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Stories:

Total Avail:

Status:


-

1

Built 1964

A-51Cummings Research Park ClusterCummings Research Park SubmarketMadison CountyHuntsville, AL 35805

4,500 SF


% Leased: 100%

Tenancy: -

Land Area: 18 AC

-Drive Ins:

14'0" Crane: -

Cross Docks:3Rail Line: -

Utilities: -

Column Spacing: -

Loading Docks: -Power: 277a/480v 3p

Ceiling Height:

RBA: 4,500 SF

Const Mat: -

Susan Musgrove

Air ConditioningAmenities:17-03-05-4-000-002.000Parcel Number:


E 4,500 Negotiable$8.50/te4,500 SubletNegotiable1st

140 Sparkman Dr NW - A-51


Page 58

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Stories:

Total Avail:

Status:


Recorded Owner: 200 Sparkman LLCSamples Properties, Inc.-

2

Built 1964


34,126 SF


% Leased: 28.8%


Expenses:


2009 Tax @ $0.83/sf



14,226 VacantWithheld14,226 14,226 3-5 yrsE BSMT Direct

19,900 VacantWithheld19,900 19,900 NegotiableP 1st Direct

5021 Technology Dr NW - Cummings Research Park


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Stories:

Total Avail:

Status:


-

2

Built 1988

6000-8 Technology Drive Building 8 High BayCummings Research Park ClusterCummings Research Park SubmarketMadison CountyHuntsville, AL 35805

24,644 SF

Building Type: Class C Warehouse

% Leased: 88.5%

Tenancy: -

Land Area: 19 AC

-Drive Ins:

- Crane: -


Utilities: -

Column Spacing: -

Loading Docks: -Power: -

Ceiling Height:

RBA: 214,200 SF

Const Mat: Reinforced Concrete

Crown Leasing Inc

Expenses:


2017 Tax @ $0.10/sf



P 24,644 Vacant$7.50/+elec24,644 DirectNegotiable1st

6000-6008 Technology Dr NW - 6000-8 Technology Drive Building 8 High Bay


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Stories:

Total Avail:

Status:


-

1

Built 1976, Renov 2000

Chrysler BuildingCummings Research Park ClusterCummings Research Park SubmarketMadison CountyHuntsville, AL 35805

25,000 SF


% Leased: 89.2%

Tenancy: Multiple Tenant

Land Area: 16 AC

-Drive Ins:

26'0"-34'0" Crane: -

Cross Docks:3 - 8'0"w x 12'0"hRail Line: -

Utilities: Lighting - Metal Halide

Column Spacing: -

Loading Docks: 7 extPower: 1200a 3p

Ceiling Height:

RBA: 232,054 SF

Const Mat: Reinforced Concrete

-

Expenses:

300 free Surface Spaces are available; Ratio of 1.29/1,000 SFAir Conditioning, Fenced Lot

2015 Tax @ $0.10/sf

Amenities:Parking:

17-03-05-4-000-010.000Parcel Number:


P 25,000 Vacant$6.00/nnn25,000 DirectNegotiable1st

103 Wynn Dr - Chrysler Building


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Stories:

Total Avail:

Status:


Recorded Owner: Mcm Huntsville Finance Co LlcMCM Huntsville Finance Company Llc-

2

Built 1968


235,000 SF


% Leased: 100%


Expenses:

1,240 free Surface Spaces are available; Ratio of 3.17/1,000 SF

2017 Tax @ $0.59/sf; 2006 Ops @ $6.40/sf



3,500 - 147,000 60 DaysWithheld147,000 235,000 NegotiableP 1st Direct

3,500 - 88,000 60 DaysWithheld88,000 235,000 NegotiableP 2nd Direct

106 Wynn Dr


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Stories:

Total Avail:

Status:


-

1

Built 1967, Renov 2003

110 WynnCummings Research Park ClusterCummings Research Park SubmarketMadison CountyHuntsville, AL 35805

168,285 SF

Building Type: Class B Flex

% Leased: 21.9%

Tenancy: Multiple Tenant

Land Area: 15.55 AC

-Drive Ins:

- Crane: -

Cross Docks:12Rail Line: None

Utilities: -

Column Spacing: -

Loading Docks: 3 extPower: 4000a 3p

Ceiling Height:

RBA: 215,485 SF

Const Mat: -

Huntsville Nyl Llc

Expenses:


2017 Tax @ $0.51/sf; 2007 Combined Est Tax/Ops @ $3.52/sf



P 168,285 div Vacant$10.00/mg168,285 DirectNegotiable1st

110 Wynn Dr - 110 Wynn


Page 63

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Stories:

Total Avail:

Status:


Recorded Owner: Reliance Agents, Inc--

5

Built 1991

NE corner of Wynn Dr. & Tech. DrCummings Research Park ClusterCummings Research Park SubmarketMadison CountyHuntsville, AL 35805

14,053 SF


% Leased: 89.6%


Expenses:


2017 Tax @ $0.76/sf



14,053 Vacant$16.50/fs14,053 14,053 NegotiableP 4th New

215 Wynn Dr - Cummings Research Park East


Page 64

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Stories:

Total Avail:

Status:


Recorded Owner: Sgn Properties Llc--

2

Built 2004


30,000 SF


% Leased: 1.6%


Expenses:

132 Surface Spaces are available; Ratio of 4.33/1,000 SF24 Hour Availability, Air Conditioning, Central Heating, Partitioned Offices, Signage

2017 Tax @ $1.19/sf

Amenities:Parking:

14-09-32-3-000-015.000Parcel Number:


30,000 VacantWithheld30,000 30,000 NegotiableP 1st Direct

350 Wynn Dr


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AddressRBAPark/Building Name

City, StateLand AreaOccupancyYear BuiltProperty Type

Min DivisibleMax ContigOffice AvailWarehouse AvailTotal Avail

Space TypeAvg Rent/SF/yrSale Info

Expenses

PowerSprinklersRail / CranesConstruct. Status

Parking

Column SpacingDrive InsDocks (I/ E)Ceiling Height

Leasing CompanyRepresentative

Submarket

Sublet CompanyContacts

4810 Bradford Dr

Cummings ResearchPark, Bradford Building

Huntsville, AL 35805

41,000 SF

3.78 AC

Vacant

1965

Class C Office

20,000 SF

41,000 SF

41,000 SF

41,000 SF

Direct

Withheld

For Sale at $1,250,000($30.49/SF) - Active

2017 Tax @ $0.29/sf

-

-

-/-

Existing

112 free SurfaceSpaces areavailable; Ratioof 2.73/1,000 SF

--

-

-

Samples Properties, Inc.

Alex Samples (256) 533-0003

Cummings Research Park

4811 Bradford Dr


15,300 SF

4 AC

Vacant

1979, Renov 2018

Class COffice/Loft/CreativeSpace

15,300 SF

15,300 SF

15,300 SF

15,300 SF

Direct

$11.76/mg

Not For Sale

2017 Tax @ $1.14/sf

-

-

-/-

Existing

40 Surface Spacesare available;Ratio of 2.61/1,000SF

--

-

-

NAI Chase Commercial Realty, Inc.

Janine Miller (256) 539-1686Erik Amason (256) 319-3505


The Bradford Drive Building is a one story office building designed for lab, research and development, engineering, training, computer and high technology applications. The building consists of48,300 square feet and is located in the heart of Cummings Research Park. The building features attractractive landscaping and contemporary architecture in a campus type environment.

4815 Bradford Dr

Cummings ResearchPark


40,000 SF

8.48 AC

Negotiable

1982

Class C Office

1,000 SF

20,000 SF

20,000 SF

20,000 SF

Direct

$13.50/mg

Not For Sale

2017 Tax @ $0.77/sf

-

-

-/-

Existing


--

-

-


Randy Thomas (256) 539-1686


DescriptionThe Bradford Drive Building is a two story office building designed for general office, research and development, sales and service, training, computer and high technology applications. Thebuilding consists of 40,000 square feet and is located in the heart of Cummings Research Park. The building features attractive landscaping and contemporary architecture in a campus typeenvironment. (Parking to be verified - estimated)Cummings Research Park is the major office market in Huntsville and the second largest high-tech research park in the world. Companies locate in the area to be near NASA, Marshall SpaceFlight Center, Redstone Arsenal, Army Missile Command, and each other. Cummings has been recognized as one of the top 10 research park areas in the world by Site Selection Magazine. It isalso a host to a number of Fortune 500 companies

4975 Bradford Dr


25,912 SF

3 AC

Vacant

1996

Class B Office

7,900 SF

7,900 SF

7,900 SF

7,900 SF

Direct

Withheld

Not For Sale

2017 Tax @ $0.78/sf

-

-

-/-

Existing


--

-

-


Gripp Luther (256) 533-0003


The one-story office building consists of 25,000 square feet locatedon 3 acres of land in Cummings Research Park East on a major streetartery. This highly visible single story office building offers direct entryinto tenants space. Surface parking included.


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Expenses


Parking



Submarket


NAI Chase Commercial Realty, Inc. Randy Thomas (256) 539-1686

5025 Bradford Dr

Bradford Office Park,Building 1


71,936 SF

11 AC

Vacant

2007

Class C Office

10,000 SF

19,162 SF

19,162 SF

19,162 SF

Sublet

$16.25/fs

Not For Sale

2017 Tax @ $0.43/sf

-

-

-/-

Existing


--

-

-

-

-


The Bradford Drive Building is a two story office building designed for general office, research and development, sales and service, training, computer and high technology applications. Thebuilding consists of 40,000 square feet and is located in the heart of Cummings Research Park. The building features attractractive landscaping and contemporary architecture in a campus typeenvironment.

5000 Bradford Dr NW

Cummings ResearchPark, Research Place


272,500 SF

24.25 AC

Vacant

1999

Class B Office

5,800 SF

5,800 SF

5,800 SF

5,800 SF

Direct

$17.50/fs

For Sale at $50,000,000as part of a portfolio of 4properties - Active

2017 Tax @ $0.01/sf;2007 Combined EstTax/Ops @ $6.60/sf

-

-

-/-

Existing

1,351 free SurfaceSpaces areavailable; Ratioof 4.92/1,000 SF

--

-

-

Colliers International

Kyle Collins (256) 533-0035


Easy access to major transportation arteries. On-site maintenance Picnic pavilion and softball field available for use. Additional land for sale or build-to-suite. Located in the Cummings ResearchPark submarket. Located near numerous shopping centers, restaurants, and entertainment venues.

APN No: 14-09-32-3-000-021

Additional land for sale or build-to-suit. Easy access to major arteries. On-site maintenance. Picnic pavilion. Softball field

4900-4970 Corporate Dr

Cummings ResearchPark, Corporate ParkOffice & Technical Center


184,811 SF

22 AC

30 Days

1985

Class BOffice/Loft/CreativeSpace

1,263 SF

8,216 SF

16,357 SF

16,357 SF

Direct

$13.86

Not For Sale

2017 Tax @ $0.34/sf

-

-

-/-

Existing

Ratio of 4.50/1,000SF

--

-

-




Cummings Research Park is the major office market in Huntsville and the second largest high-tech research park in the world. Companies locate in the area to be near NASA, Marshall SpaceFlight Center, Redstone Arsenal, Army Missile Command, and each other. Cummings has been recognized as one of the top 10 research park areas in the world by Site Selection Magazine. It isalso a host to a number of Fortune 500 companies

4912 Research Dr


40,000 SF

4 AC

05/2019

1977

Class B Office

40,000 SF

40,000 SF

40,000 SF

40,000 SF

Direct

$10.00/n

Not For Sale

2017 Tax @ $0.61/sf

-

-

-/-

Existing


--

-

-

Sharp Companies

Keith Sharp (256) 534-8188



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Parking



Submarket


4940 Research Dr NW


24,200 SF

4.92 AC

30 Days

1986

Class B Office

12,000 SF

12,500 SF

24,200 SF

24,200 SF

New

$9.00/fs


2012 Tax @ $0.46/sf;2012 Ops @ $0.18/sf

-

-

-/-

Existing


--

-

-

Chapman Commercial Realty

William Chapman (256) 715-8064


4906 NW Research Dr



40,000 SF

4 AC

Vacant

1981

Class B Office

5,000 SF

35,000 SF

35,000 SF

35,000 SF

Direct

Withheld

Not For Sale

2009 Tax @ $0.86/sf

-

-

-/-

Existing

-

--

-

-

Crunkleton & Associates, LLC

Eric St. John (256) 536-8809


• Perfectly suited for a growing tech firm, research and development company or government contractor.• Office space includes a mixtur e of private offices, large conference rooms and open workspaces in addition to a large employee break room and training classroom.• Building features a flexible floorplan - owner is willing to divide and reconfigure suites to fit tenant’s needs.• Two loading docks with r oll-up doors.• Located in close proximity the future site of MidCity Huntsville, a large urban redevelopment project that is projected to begin construction in 2017.

NAI Chase Commercial Realty, Inc. Randy Thomas (256) 539-1686

140 Sparkman Dr NW

Building 140


130,073 SF

21.90 AC

30 Days

1964

Class B Warehouse

32,536 SF

65,036 SF

-

97,572 SF / 65,036 ofc

97,572 SF

Sublet

Withheld

For Sale - Active


277a/480v 3p

-

None/-

Existing

-

-10

5 ext

24'0"

-

-


APN: 17-03-05-4-000-002.000

NAI Chase Commercial Realty, Inc. Douglas McCullough (256) 319-3516

140 Sparkman Dr NW

Building 130


80,744 SF

-

Negotiable

-

Class C Warehouse

80,744 SF

80,744 SF

-

80,744 SF

80,744 SF

Sublet

$6.50-$16.50/nnn

Not For Sale

-

277a/480v 3p

-

-/-

Existing

-

--

3 ext

24'0"

-

-



140 Sparkman Dr NW

Building 120


9,000 SF

-

Negotiable

-

Class B Warehouse

9,000 SF

9,000 SF

-

9,000 SF

9,000 SF

Sublet

$6.50-$16.50/nnn

Not For Sale

-

277a/480v 3p

-

-/-

Existing

-

--

3 ext

-

-

-



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Expenses


Parking



Submarket



140 Sparkman Dr NW

A-51


4,500 SF

18 AC

Negotiable

1964

Class B Warehouse

4,500 SF

4,500 SF

-

4,500 SF

4,500 SF

Sublet

$8.50/te

Not For Sale

-

277a/480v 3p

-

-/-

Existing

-

-3

-

14'0"

-

-


5021 Technology Dr NW



47,925 SF

4.60 AC

Vacant

1964

Class B Office

14,226 SF

19,900 SF

34,126 SF

34,126 SF

Direct

Withheld

Not For Sale

2009 Tax @ $0.83/sf

-

-

-/-

Existing


--

-

-


Scott Swing (256) 533-0003


There is an inner walkway that connects this building to 200 Sparkman Dr.

6000-6008 Technology DrNW

6000-8 Technology DriveBuilding 8 High Bay


214,200 SF

19 AC

Vacant

1988

Class C Warehouse

24,644 SF

24,644 SF

-

24,644 SF

24,644 SF

Direct

$7.50/+elec

Not For Sale

2017 Tax @ $0.10/sf

-

-

-/-

Existing


--

-

-




103 Wynn Dr

Chrysler Building


232,054 SF

16 AC

Vacant

1976, Renov 2000

Class B Warehouse

25,000 SF

25,000 SF

-

25,000 SF

25,000 SF

Direct

$6.00/nnn


2015 Tax @ $0.10/sf

1200a 3p

Yes

-/-

Existing


-3 - 8'0"w x 12'0"h

7 ext

26'0"-34'0"




Former electronics manufacturing facility with surplus land. Great user building in dynamic Huntsville market. Located in Huntsville's Cummings Research Park East this property is one of the fewmanufacturing locations in the park. Considerable growth and vitality forecast for the Huntsville market in light of BRAC initiative and aerospace and defense industry concentrations.

232,054 SF on 35.17 acresI-565/Madison Pike frontage with excellent ingress/egressSurplus land with potential for developmentWell maintained facility with substantial upgrades in 1999/2000• Masonry Block with Steel Panels• Space Allocations– Manufacturing 160,872 SF– High Bay Storage 28,303 SF– Office 28,246 SF– Support 14,633 SF• 100 % Air Conditioned• Fully Sprinkled Building• 7 Dock High, 3 Drive In Doors• 6,000 KVA Power• 26’ Clear Height• Metal Halide Lighting• 2” Natural Gas Main• 4” Potable, 8” Fire Water Feeds


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Parking



Submarket


Former electronics manufacturing facility with surplus land. Great user building in dynamic Huntsville market. Located in Huntsville's Cummings Research Park East this property is one of the fewmanufacturing locations in the park. Considerable growth and vitality forecast for the Huntsville market in light of BRAC initiative and aerospace and defense industry concentrations.

232,054 SF on 35.17 acresI-565/Madison Pike frontage with excellent ingress/egressSurplus land with potential for developmentWell maintained facility with substantial upgrades in 1999/2000• Masonry Block with Steel Panels• Space Allocations– Manufacturing 160,872 SF– High Bay Storage 28,303 SF– Office 28,246 SF– Support 14,633 SF• 100 % Air Conditioned• Fully Sprinkled Building• 7 Dock High, 3 Drive In Doors• 6,000 KVA Power• 26’ Clear Height• Metal Halide Lighting• 2” Natural Gas Main• 4” Potable, 8” Fire Water Feeds

106 Wynn Dr


395,000 SF

33.67 AC

60 Days

1968

Class B Office

3,500 SF

235,000 SF

235,000 SF

235,000 SF

Direct

Withheld

Not For Sale

2017 Tax @ $0.59/sf;2006 Ops @ $6.40/sf

-

-

-/-

Existing

1,240 free SurfaceSpaces areavailable; Ratioof 3.17/1,000 SF

--

-

-




Former home of the SMDC Agency. Two story brick building located in CRP East. Contact Gripp Luther to set up time to view building and get leasing information.Building Size: 395,000 square feet Available: 235,000 square feet Parking: 1,300 +/- parking spacesCourtyard with benches/tables and sun shade screens is available to all tenants of the building.Recent renovation to building exterior and interior entrances.Large floor plates as well as private suites available.HVAC has automated computer system.CommunicationsEquipped with telephone service; AT&T Main switch. Cat 5 and Cat 6 communication lines, along with dual fiber entities and two fiber nodes to ensure non interrupted service. Direct connectionwith Redstone Arsenal.SecurityIn house mail room with X-ray security.Video surveillance equipment 24 hour a day, 7 days a week.The building has anti-terrorism concrete barriers already installed with proper setback distance (82' ) via the Department of Defense.Located in Cummings Research Park East. Easy access to I-565 and Gate 9 of Redstone Arsenal.

Located in CRP East. Easy access to Redstone Arsenal.

110 Wynn Dr

110 Wynn


215,485 SF

15.55 AC

Vacant

1967, Renov 2003

Class B Flex

35,000 SF

168,285 SF

-

168,285 SF

168,285 SF

Direct

$10.00/mg

Not For Sale


4000a 3p

-

None/-

Existing


-12

3 ext

-

Colliers International

Kyle Collins (256) 533-0035Spencer Chappell (256) 533-0035



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Submarket


215 Wynn Dr

Cummings ResearchPark East


135,295 SF

12.33 AC

Vacant

1991

Class B Office

14,053 SF

14,053 SF

14,053 SF

14,053 SF

New

$16.50/fs

Not For Sale

2017 Tax @ $0.76/sf

-

-

-/-

Existing


--

-

-




Full service, class "B" office building with adjacent on-surface parking, part of Cummings Research Park in Huntsville. Cummings Research Park is the second largest research and developmentpark in the country and fourth largest in the world.

350 Wynn Dr


30,480 SF

6.02 AC

Vacant

2004

Class B Office

30,000 SF

30,000 SF

30,000 SF

30,000 SF

Direct

Withheld

Not For Sale

2017 Tax @ $1.19/sf

-

-

-/-

Existing


--

-

-





Documents

CRP East Lease Availability - Cummings Research …...Huntsville, AL 35805 - Cummings Research Park Submarket Property Summary Report MARKET CONDITIONS Vacancy Rates Current YOY Current