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1820 South Park Dr

10,607 SF Office Building Birmingham, AL 35244 £1,369,288 (£129/SF) 6.50% Net Initial Yield

Investment Highlights

  • Investment Sale.
  • 3 (5 year) options to renew.
  • Excellent location on Highway 31 along a dense retail corridor
  • Absolute NNN lease with 1.75% annual increases until 11/1/24 then tied to CPI.
  • Ample onsite parking for employees & customers.
  • Just 1 mile from I-65, 2.5 miles from I-459 and easily accessible to all of metropolitan Birmingham.

Executive Summary

Investment Sale. Absolute NNN lease with 1.75% annual increases until 11/1/24 then tied to CPI. 3 (5 year) options to renew. Ample onsite parking for employees & customers. Excellent location on Highway 31 along a dense retail corridor. Just 1 mile from I-65, 2.5 miles from I-459 and easily accessible to all of metropolitan Birmingham. Traffic count in front of site: 34,638 VPD.

Attachments

1820 Southpark Drive Flyer

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
10,607 SF
Building Class
B
Year Built/Renovated
1997/2018
Price
£1,369,288
Price Per SF
£129
Net Initial Yield
6.50%
NOI
£88,974
Tenancy
Single
Number of Floors
1
Typical Floor Size
10,607 SF
Building FAR
0.20
Land Acres
1.24 AC
Parking
30 Spaces (3.13 Spaces per 1,000 SF Leased)
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1820 South Park Dr, Birmingham, AL - Floor plan Image

PROPERTY TAXES

Parcel Number 10-9-30-0-001-005-010 Improvements Assessment £0
Land Assessment £0 Total Assessment £195,659

PROPERTY TAXES

Parcel Number
10-9-30-0-001-005-010
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£195,659
(205) 380-3329

  • Listing ID: 26680825

  • Date on Market: 21/09/2022

  • Last Updated:

  • Address: 1820 South Park Dr, Birmingham, AL 35244

The Office Property at 1820 South Park Dr, Birmingham, AL 35244 is currently available For Sale. Contact HSC Commercial Properties, LLC for more information.

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1820 South Park Dr, Birmingham, AL for sale Building Photo- Image 1 of 6
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1820 South Park Dr, Birmingham, AL for sale Floor Plan- Image 5 of 6
Floor Plan

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© 2024 CoStar Group

1820 South Park Dr
(205) 380-3329 x

1820 South Park Dr

L. Sorrell Chew

(205) 380-3329

(205) 380-3329

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