Long-Term Shipyard Sale Leaseback

660 Dunlap Drive, Mobile, AL
Deal Type:
Sale Leaseback
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Lease Term:
15-20 years
Landlord Responsibilities:
Building Sq. Ft.:
575,020 SF
Rent Increases:
2.0% - 3.0% Annual
Site Size:
356 Acres
  • alabama shipyard stream capital partners
  • alabama shipyard stream capital partners
  • alabama shipyard stream capital partners
  • alabama shipyard stream capital partners

Investment Highlights

STREAM Capital Partners is pleased to offer, via sale leaseback, the entire property at 660 Dunlap Drive in Mobile, Alabama. The property spans 356 acres and contains over 575,000 square feet of buildings. At closing, the property will be leased back, on a long-term absolute net lease, to Alabama Shipyard, LLC, or the “Company.” Alabama Shipyard repairs, maintains, breaks and converts ships, primarily for the Military Sealift Command and Marad. 90% of company revenue is from the federal government.


Proceeds will be used to fund growth capital expenditures, as well as to pay down debt.

Listing Agents

Jonathan Wolfe

Managing Principal
312 310 2798
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Due Diligence

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