High Quality Owner/User Office Opportunity | 215 Narrows Pky
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High Quality Owner/User Office Opportunity 215 Narrows Pky
9,000 SF 100% Leased Office Building Birmingham, AL 35242 £1,408,410 (£156/SF) 5% Net Initial Yield
Investment Highlights
- Easy Access
- Priced below replacement cost.
- Excellent Location
Executive Summary
9,000 +,- sf Class A Building
.88 Acre Lot
Built 2017 and in Like New Condition
Beautiful exterior and interior finishes.
Impressive Curb Appeal and Visibility
Abundant Parking
Building has 3 Suites of 3,000 SF.
Excellent Tenants include State Farm, Ridge Crest Homes and Simplified Behavioral Health.
Suite occupied by Ridge Crest is available Now.
Buyer can grow into other Suites or lease for income.
Ideally suited for owner / user / investor.
Convenient Access to U.S. Hwy 280, Greystone, Highland Lakes and rapidly growing 280 area.
Current rental income is $9.500 per month.
Taxes and Insurance are approx. $1,550 permonth
Tenant pays its own utilities and expenses.
Current Rent is below market.
Big Upside potential for owner/occupant.
Priced below replacement cost.
Outstanding Investment Opportunity
HUGE Attic Storage
.88 Acre Lot
Built 2017 and in Like New Condition
Beautiful exterior and interior finishes.
Impressive Curb Appeal and Visibility
Abundant Parking
Building has 3 Suites of 3,000 SF.
Excellent Tenants include State Farm, Ridge Crest Homes and Simplified Behavioral Health.
Suite occupied by Ridge Crest is available Now.
Buyer can grow into other Suites or lease for income.
Ideally suited for owner / user / investor.
Convenient Access to U.S. Hwy 280, Greystone, Highland Lakes and rapidly growing 280 area.
Current rental income is $9.500 per month.
Taxes and Insurance are approx. $1,550 permonth
Tenant pays its own utilities and expenses.
Current Rent is below market.
Big Upside potential for owner/occupant.
Priced below replacement cost.
Outstanding Investment Opportunity
HUGE Attic Storage
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
9,000 SF
Building Class
A
Year Built
2017
Price
£1,408,410
Price Per SF
£156
Net Initial Yield
5%
NOI
£70,421
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
9,000 SF
Slab to Slab
10 ft
Building FAR
0.23
Land Acres
0.88 AC
Zoning
Commercial - Professional Office and Instiutional
Amenities
- Partitioned Offices
- Wooden Floors
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 09-4-20-1-004-003-000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £288,599 |
PROPERTY TAXES
Parcel Number
09-4-20-1-004-003-000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£288,599
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High Quality Owner/User Office Opportunity | 215 Narrows Pky
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