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1401 & 1425 I-85 Parkway 1401 I85 Pky

12,567 SF 13% Leased Office Building Montgomery, AL 36106 £274,543 (£22/SF) 19.09% Net Initial Yield

Investment Highlights

  • 19.09% CAP RATE (Pro forma).
  • Daily Traffic Count Carmichael Rd. 19,130± AADT.
  • 0.5± Mile from Eastern Blvd. 0.5± Mils From Interstate 85 (Exit 6).
  • Centrally Located Office Buildings with easy access to I-85.
  • Average Daytime Employee Population within a 1-mile radius of 8,143±.
  • 5.2± Miles From Downtown Montgomery.

Executive Summary

19.09 % CAP RATE (Pro forma)
Moore Company Realty is pleased to present 1401 & 1425 I-85 Parkway. 1401 & 1425 I-85 Parkway is located in Montgomery, Alabama with easy access to Interstate 85. Area Overview: Montgomery has won several national awards: Best Historic City, by USA Today; All-America City in 2014, by the National Civic League; Top City for Job Growth in 2014, by ziprecruiter.com; and Happiest City in Alabama Montgomery has also been recognized nationally for its downtown revitalization and new urbanism projects. It was one of the first cities in the nation to implement Smart Code Zoning. 7.5 Miles from Maxwell Air Force Base: Serving 25,000 Active Duty, Guard, Reserves, Contractors, and Retirees. The Air Force University is attended by 20,000 Annually.

Attachments

Sale_Brochure_1401_1425_I85_Pkwy

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
12,567 SF
Building Class
B
Year Built
1975
Price
£274,543
Price Per SF
£22
Net Initial Yield
19.09%
NOI
£52,400
Percent Leased
13%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
12,567 SF
Building FAR
0.38
Land Acres
0.75 AC
Zoning
B-2 - Business District
Parking
100 Spaces (7.96 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Route
  • Kitchen
  • Central Heating
  • Fully Carpeted
  • Suspended Ceilings
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 1401 D
  • 2,149 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 1401-A
  • 1,806 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 1401-B&C
  • 1,953 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 1425 B
  • 666 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 1425-A
  • 1,098 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 1425-F
  • 1,601 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 1425-F
  • 1,601 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 1401 D 2,149 SF Office - Now
1st Fl-Ste 1401-A 1,806 SF Office - Now
1st Fl-Ste 1401-B&C 1,953 SF Office - Now
1st Fl-Ste 1425 B 666 SF Office - Now
1st Fl-Ste 1425-A 1,098 SF Office - Now
1st Fl-Ste 1425-F 1,601 SF Office - Now
1st Fl-Ste 1425-F 1,601 SF Office - Now

1st Fl-Ste 1401 D

Size
2,149 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 1401-A

Size
1,806 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 1401-B&C

Size
1,953 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 1425 B

Size
666 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 1425-A

Size
1,098 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 1425-F

Size
1,601 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 1425-F

Size
1,601 SF
Space Use
Office
Condition
-
Available
Now
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PROPERTY TAXES

Parcel Number 10-06-23-2-001-008.000 Improvements Assessment £60,149
Land Assessment £25,697 Total Assessment £85,846

PROPERTY TAXES

Parcel Number
10-06-23-2-001-008.000
Land Assessment
£25,697
Improvements Assessment
£60,149
Total Assessment
£85,846
(334) 386-2441

  • Listing ID: 30937889

  • Date on Market: 12/02/2024

  • Last Updated:

  • Address: 1401 I85 Pky, Montgomery, AL 36106

The Office Property at 1401 I85 Pky, Montgomery, AL 36106 is currently available For Sale. Contact Moore Company Realty, Inc. for more information.

Office PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

1401 & 1425 I-85 Parkway | 1401 I85 Pky
(334) 386-2441 x

1401 & 1425 I-85 Parkway | 1401 I85 Pky

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Gene Cody, CCIM, SIOR

(334) 386-2441

(334) 386-2441

Perry Patino

(334) 386-2439

(334) 386-2439

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