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MRI Clinic 101 S Franklin Dr

3,068 SF 100% Leased Office Building Troy, AL 36081 £888,033 (£289/SF) 7.25% Net Initial Yield

Investment Highlights

  • Tenant committed to the site with a recently extended 5-year lease.
  • The only MRI clinic in Troy, and conveniently located across from the hospital’s main campus.
  • Significant tenant investment into the site.
  • Troy Regional Health System is owned and operated by the city of Troy; (BBB+ S&P Credit Rating).
  • Property located in a rapidly growing university town, home to Troy University with 18,000+ students.
  • Fully Depreciable Equipment (MRI Machine).

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
3,068 SF
Building Class
C
Year Built
2010
Price
£888,033
Price Per SF
£289
Net Initial Yield
7.25%
NOI
£64,382
Percent Leased
100%
Number of Floors
1
Typical Floor Size
3,068 SF
Building FAR
0.12
Land Acres
0.61 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
9 Spaces (2.93 Spaces per 1,000 SF Leased)
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PROPERTY TAXES

Parcel Number 1702-0440030-010030 Improvements Assessment £0
Land Assessment £0 Total Assessment £57,865

PROPERTY TAXES

Parcel Number
1702-0440030-010030
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£57,865
(256) 694-9803

  • Listing ID: 32689267

  • Date on Market: 04/08/2024

  • Last Updated:

  • Address: 101 S Franklin Dr, Troy, AL 36081

The Office Property at 101 S Franklin Dr, Troy, AL 36081 is currently available For Sale. Contact Stream Capital Partners for more information.

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© 2024 CoStar Group

MRI Clinic | 101 S Franklin Dr
(256) 694-9803 x

MRI Clinic | 101 S Franklin Dr

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Adam English

(256) 694-9803

(256) 694-9803

Adam Baxter

(205) 394-3520

(205) 394-3520

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