Catylist ID: #30530206
Rare Birmingham Office & Warehouse Investment Oportunity
Office for SaleAlso listed as Industrial
|Catylist Listing ID:||30530206|
|Property Subtypes:||Executive Suites, Governmental, Flex Space, Office Building|
|Building Size (RSF):||49,000 SF|
|Gross Land Area:||3.53 Acres|
|Unit Price:||$61.22 PSF|
|Property Use Type:||Investment, Vacant/Owner-User|
|Class of Space:||Class B|
|Sale Terms:||Cash to Seller|
Overview / Comments
+ Tenants: Alabama Department of Corrections (ADOC), Birmingham Sports Academy, Nonprofits, Tax/ Real Estate Professionals, etc.
+ Located on Beacon Parkway, just off the intersection of Valley Avenue and Green Springs Highway and just minutes from Interstate 65, the Property sits at the perfect location between downtown Birmingham and the suburbs to the south.
+ 3-story masonry building with 2 entrances - located on both the first and second floors for ease of entry.
+ The building was renovated in 2010 and 2016 with new electrical work and new HVAC installed.
+ 6,000 SF warehouse included in property sale; current tenant is a training facility.
+ Ample parking with 152 spaces within private lot just for building tenants
+ Located in Historically Underutilized Business Zone (HUBZone)
• NOI: $258,593.31 (8.62% cap)
Attachments & Media
|Tenant Business Name||Alabama Department of Corrections (ADOC)|
|SF of Space Occupied||12,000 SF|
|Escalations||3% Annual increase|
|Options||Two, 5-year options|
|Tenant Notes||Used as a training center for its new officers. Only 1 training center in Birmingham, AL.|
|Taxing Authority:||Jefferson County|
|Total Number of Buildings:||2|
|Number of Stories:||3|
|Typical SF / Floor:||13,000 SF|
|Total Parking Spaces:||152|
|Internet Access:||Fiber Optic|
|Proximity:||1 mile||3 miles||5 miles|
Lyndsy YimRetail Specialist BCX Member
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