Pearce Development, LLC purchased a 46,000 square-foot industrial space at 5000 Commerce Avenue in Birmingham, Alabama from Scott Roach on June 29. The warehouse sits on 15+ acres and includes 6,000 SF of office space. This property sold for $2,310,000.
This is currently occupied by North American Construction Services, LTD, a subsidiary of Fives Group. By mid-2024, the company is scheduled to move out, opening up the opportunity to lease this property.
“This property is well-located in the Irondale sub-market with easy access to interstates 20 and 59. The Irondale area continues to grow and proves to be a fantastic place to locate businesses. Demand for industrial property in this area is strong, and we anticipate that there will be a fair amount of interest in the upcoming year when the current tenant vacates the property,” said Jordan Weaver.
According to Scott Roach, this warehouse was sold to prepare for estate planning.
For more information or if you are interested in occupying this space, please contact Jordan Weaver (jw@ironvestpartners.com) or Bart Moore (jbm@ironvestpartners.com) of IronVest Partners.
Bart Moore and Robert Crook of IronVest Partners represented the seller in this transaction. Jordan Weaver of IronVest Partners represented the buyer in this transaction.