Northmarq arranges sale of 160K-sq.-ft. distribution and pharma grade clean room facility in Auburn, AL

AUBURN, Ala. — Northmarq’s Atlanta Investment Sale team led by Robert Poirier successfully completed the sale of an approximately 160,000-sq.-ft. Class A industrial facility located at 2250 Riley St. in Auburn, Alabama. The property features distribution space and approximately 30,000 sq. ft. of pharmaceutical-grade clean room space.

Northmarq represented the seller, SiO2, which previously owned and occupied the facility. The buyer was INFAC.

“Because of the uniqueness of the building having 30,000 square feet of pharma-grade clean room space, we ran a very thorough and deep marketing process and were able to achieve substantial interest from several parties,” Poirier said. “The quality of the building, as well as the fast-growing Auburn market, were extremely attractive to investors and, fortunately, we were able to set a new per-square-foot mark in that particular Auburn submarket.”

Built in 2012, the facility sits on approximately 40 acres and features warehouse, office and laboratory space, including three ISO Class 8 pharmaceutical-grade clean rooms totaling approximately 27,400 square feet. The fully conditioned building offers 29- to 31-foot clear heights, eight dock doors with dock levelers, one oversized drive-in door, 2,000-amp electrical switchgear and 48 parking spaces.

The property is situated within Auburn Technology Park West roughly one mile from access to Interstate 85. The location provides direct access to major southeastern markets including Atlanta, Montgomery and Charlotte.