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Phenix Center I & II
Foundry Commercial has been retained as the Exclusive Agent in the sale of Phenix Center I & II in Phenix City, AL (the “Property”), a two-building industrial campus in the Columbus, Georgia MSA. The multi-tenant campus is located near skilled labor conveniently between Atlanta and Birmingham, providing a more affordable option for industrial distribution and light manufacturing.
Ownership has recently invested capital to secure a new lease and a tenant renewal, and in other projects like partial roof replacements and an LED retrofit, spending over $1MM. The offering also features below-market rents and an opportunity to achieve pricing at a +50% discount to replacement cost.
This offering is a rare opportunity for investors looking to acquire scale in a sun-belt market with stable cash flow and upside potential at an attractive basis. To access the Offering Memorandum and Virtual Deal Room for additional documents, complete the confidentiality agreement by visiting phenixcenteralabama.com.