Office Investment Property
Office
for Sale
| Catylist Listing ID: |
30846661 |
| Property Subtypes: |
Office Building
|
| Building Size (RSF): |
6,000 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$695,000 |
| Unit Price: |
$115.83 PSF |
| Property Use Type: |
Investment |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.5% |
| Last Updated: |
4/19/2024 |
Overview / Comments
This investment property is located just off of Airport Blvd and I-65 in Mobile, AL. The two-story office building is occupied by CenterWell Home Health. CenterWell Home Health is owned by Humana, and is the nation's largest providers of home health services. CenterWell has been a tenant since 2014.
The office building is conveniently located right off of the Airport Blvd exit on I-65. It is 6,000 SF with 3,000 SF downstairs and upstairs.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$8,640 (Annual) |
| Gross Operating Income |
$76,203 (Annual) |
| Net Operating Income |
$52,480 (Annual) |
| Actual or Proforma Year |
Actual |
Current Tenants
| Tenant Business Name |
CenterWell Home Health / Humana |
| Industry Type |
Health Care and Social Assistance |
| Is Renting? |
Yes |
| SF of Space Occupied |
6,000 SF |
| Current Rent |
$76,203 PSF (Annual) |
| Lease Expiration |
9/0030 |
| Tenant Notes |
Tenant has leased the building since 2014 |
Additional Details
| Nearest MSA: |
Mobile |
| County: |
Mobile |
| Tax ID/APN: |
280725100000810X |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
3,000 SF |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,393 |
89,070 |
195,586 |
| Median Age: |
31.22 |
36.32 |
36.54 |
| Households: |
5,785 |
37,029 |
79,701 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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