5890 I-10 Industrial Parkway South

Gexpro Services, the tenant and guarantor, is a key asset in this investment opportunity. They have signed a brand-new 10-year NNN lease, which begins in April 2025, providing long-term stability and a strong income stream for any investor. Originally part of General Electric’s GE Supply division, Gexpro Services was acquired by LKCM Headwater Investments in 2019, a private equity firm known for its strategic acquisitions. In 2022, Gexpro Services merged with Lawson Products and TestEquity to form Distribution Solutions Group, a publicly traded company on the NASDAQ. This solid backing from a publicly traded conglomerate adds to the security and reliability of the tenant.

Situated in the heart of Theodore’s industrial market, the property provides excellent connectivity to the Southeastern US through the region’s major thoroughfares, which include Interstate 10 and the 90 Freeway. Theodore is only 15 minutes away from Mobile, the third-largest city in Alabama, whose economy is driven by manufacturing, maritime, logistics, aerospace, and steel. Mobile, as the only port city in Alabama, is set to become the largest port in the Gulf of Mexico, with more than $1 billion in capital projects currently underway statewide. Specialized in machining and assembly capabilities, this property serves not only production needs but also repair and assembly of A-Class components, with the use of a 30-ton lifting capacity. Spanning 89,770 SF on a 5-acre lot, the property features 40,000 SF of air-conditioned and insulated space, and is designed for heavy-duty operations with six craneways, 11 hooks, and a maximum capacity of 25 tons.