601 S 7th St
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601 S 7th St
2,776 SF Office Building Opelika, AL 36801 £454,256 (£164/SF) 8.77% Net Initial Yield
Investment Highlights
- Convenient location to the interstate and downtown areas of Opelika
- Long term tenant in place
- Recently updated facility
- Increasing rental rate
Executive Summary
Prime investment opportunity in an established area. Long-term lease in place with Class A tenant! NNN lease in place makes this investment a breeze. This property is newly renovated and is Turn-key. Located just minutes from Opelika's bustling downtown restaurants and shopping, as well as easy access to the interstate. This location is the perfect blend for a highly sought-after rental property.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£35,505
|
£12.79
|
| Other Income |
£3,645
|
£1.31
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£39,150
|
£14.10
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | £35,505 |
| Annual Per SF | £12.79 |
| Other Income | |
|---|---|
| Annual | £3,645 |
| Annual Per SF | £1.31 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £39,150 |
| Annual Per SF | £14.10 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
Sale & Leaseback
Property Type
Office
Property Subtype
Building Size
2,776 SF
Building Class
B
Year Built
1945
Price
£454,256
Price Per SF
£164
Net Initial Yield
8.77%
NOI
£39,830
Tenancy
Single
Number of Floors
1
Typical Floor Size
2,776 SF
Building FAR
0.10
Land Acres
0.62 AC
Zoning
C2 - Commercial
Parking
20 Spaces (7.2 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Kitchen
- Basement
1 of 1
-
Justin Rivers -
Prime Real Estate Group
1 of 21
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601 S 7th St
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