The Alabama State Port Authority engaged the McEnery Company to perform market rent studies on the Port of Mobile container terminal, a 137-acre facility with two ship berths, as they consider a 32-acre expansion and development of a 124-acre industrial park for intermodal logistics tenants. The Scope of Work included analyzing major container terminals across the nation to determine fixed rent for terminal operators and variable rent based on container volume. In addition, we surveyed lease rates for vacant waterfront industrial sites and pad sites in high quality industrial parks in the Gulf Coast region for comparison to the proposed intermodal facility.
