109B Opp Ave
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109B Opp Ave
5,616 SF Office Building Andalusia, AL 36420 £761,425 (£136/SF) 8.58% Net Initial Yield
Investment Highlights
- Strong Tenant Credit: Renalus Kidney Care (NNN lease) and LHC Home Health (renewed gross lease) are reputable, established tenants.
- Long-Term Stability: Over 7 years WALT provides a stable, long-term investment with committed healthcare tenants.
- Significant Tenant Investment: $450,000 in upgrades by Renalus and $115,000 by LHC reflect strong tenant commitment.
Executive Summary
Zeustra Healthcare Real Estate Advisors is pleased to present this exclusive opportunity to acquire a 5,150-square-foot multi-tenant medical office building located at 109 Opp Ave, Andalusia, AL. This property is secured by two established tenants, Renalus Kidney Care and LHC Home Health, who have long-term commitments to the space with a Weighted Average Lease Term (WALT) exceeding 7 years.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,616 SF
Building Class
B
Year Built/Renovated
1962/2019
Price
£761,425
Price Per SF
£136
Net Initial Yield
8.58%
NOI
£65,304
Tenancy
Single
Number of Floors
1
Typical Floor Size
5,616 SF
Building FAR
0.47
Lot Size
0.28 AC
Parking
13 Spaces (2.31 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 13-04-18-4-404-040.000 | Improvements Assessment | £41,726 |
| Land Assessment | £2,036 | Total Assessment | £43,762 |
PROPERTY TAXES
Parcel Number
13-04-18-4-404-040.000
Land Assessment
£2,036
Improvements Assessment
£41,726
Total Assessment
£43,762
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109B Opp Ave
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