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2021 Boll Weevil Cir

10,706 SF Office Building Enterprise, AL 36330 £835,551 (£78/SF) 8.50% Net Initial Yield

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Executive Summary

Alabama Career Center, leased by the state of AL, has been at this location since 1995. Tenant has typically renewed every 5 years since original lease was signed. Current lease extension renewed from June 21 - May 2026 with gross income of $8750 per month. Tenant is responsible for utilities, janitorial and landscaping. Owner is responsible for maintenance, taxes and insurance. ***Current owner is out of state, so local ownership should be able to lower operating expenses***
Additional Locations can be found at https://adol.alabama.gov/career-centers/

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	£82,951	£7.90
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£82,951	£7.90
Taxes	£5,329	£0.51
Operating Expenses	£6,247	£0.59
Total Expenses	£11,576	£1.10
Net Operating Income	£71,375	£6.80

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	£82,951
Annual Per SF	£7.90

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£82,951
Annual Per SF	£7.90

Taxes
Annual	£5,329
Annual Per SF	£0.51

Operating Expenses
Annual	£6,247
Annual Per SF	£0.59

Total Expenses
Annual	£11,576
Annual Per SF	£1.10

Net Operating Income
Annual	£71,375
Annual Per SF	£6.80

Property Facts

Sale Type

Investment

Property Type

Office

Building Size

10,706 SF

Building Class

Year Built

1995

Price

£835,551

Price Per SF

£78

Net Initial Yield

8.50%

NOI

£71,022

Tenancy

Single

Number of Floors

Typical Floor Size

10,706 SF

Building FAR

0.08

Land Acres

3.08 AC

Zoning

B-3 - B-3

Parking

90 Spaces (8.41 Spaces per 1,000 SF Leased)

Amenities

Signage
Kitchen

Central Heating
Open-Plan

Monument Signage

Air Conditioning

PROPERTY TAXES

Parcel Numbers	Multiple 16-03-07-4-000-004.002 16-03-07-4-000-003.003	Total Assessment	£121,962 (2023)
Land Assessment	£15,010 (2023)	Annual Taxes	£5,329 (£0.50/sf)
Improvements Assessment	£106,952 (2023)	Tax Year	2024