Catylist ID:
#30867568
6,850 SF Office | Owner Financing Available
Office
for Sale
| Catylist Listing ID: | 30867568 |
| Property Subtypes: | Business Park, Governmental, Institutional, Flex Space, Office Building |
| Building Size (RSF): | 6,850 SF |
| Gross Land Area: | 41,400 SF |
| Sale Price: | $535,000 |
| Unit Price: | $78.10 PSF |
| Property Use Type: | Investment, Vacant/Owner-User, Business |
| Class of Space: | Class B |
| Sale Terms: | Cash to Seller, Owner Financing |
| Cap Rate: | 12.89% |
| Last Updated: | 4/19/2024 |
Overview / Comments
|
Stirling Properties is proud to present a great business opportunity exclusively to the market – 4320 Downtowner Loop S. This single-story office building, constructed in 2002, is situated on a lot measuring 180' x 230'. It offers ample parking and a tranquil campus-style ambiance, the structure combines practicality with aesthetic appeal. The building is a pre-engineered metal, with a brick façade that wraps around the front and side, on a concrete slab with a metal roof. The entrance, styled in a portico fashion, offers two access points. Sunlit offices, framed by ample windows, bathe the interior in natural light, creating an inviting and productive atmosphere. The building, measuring 137' x 50', totaling 6,850 sq ft, currently functions as a combined space with a convenient front access point. Originally designed as two separate spaces, the structure offers the flexibility to effortlessly reinstate the dividing wall. With two electric meters, separated mechanical systems for each side, separate restroom, exits and break areas this setup provides an ideal scenario for an owner or investor looking to occupy part of the building while leasing the other or create two leasable spaces. The interior layout is comprised of numerous offices, bullpen areas, a central reception zone, and a generous employee break area. If partitioned, the spaces would approximate 2,300 sq ft and 4,550 sq ft, each complete with restrooms, managerial offices, bullpen spaces, and dedicated break areas. Further enhancing the property are well-maintained concrete walkways and asphalt parking, lending to a professional work environment. Owner Financing Available. |
Attachments & Media
Financials
| Finance Data Year | 2023 |
|---|---|
| Real Estate Taxes - Annual($) | $7,507 (Annual) |
| Tax Value Land | $165,700 |
| Tax Value Improvements | $408,500 |
| Tax Value Personal Property | $574,200 |
| Assessed Value - Total($) | $114,840 (Annual) |
| Potential Rental Income | $78,084 (Annual) |
| Gross Operating Income | $0 (Annual) |
| Actual or Proforma Year | Actual |
Current Tenants
| Tenant Business Name | DiRecManagement Inc. |
| Website URL | https://direcmanagement.com/ |
| Industry Type | Management of Companies and Enterprises |
| Is Renting? | Yes |
| Current Rent | $6,571 PSF (Annual) |
| Lease Expiration | 5/2024 |
| Tenant Business Name | DiRecManagement Inc. |
| Website URL | https://direcmanagement.com/ |
| Industry Type | Management of Companies and Enterprises |
| Is Renting? | Yes |
| Current Rent | $6,571 PSF (Annual) |
| Lease Expiration | 5/2024 |
Additional Details
| Nearest MSA: | Mobile |
| County: | Mobile |
| Taxing Authority: | Mobile County |
| Tax ID/APN: | 2807261000062007 |
| Zoning: | B3 |
| Property Located Between: | Downtowner Blvd and Downtowner Loop W |
| Property Visibility: | Good |
| Highway Access: | Downtowner Loop S feeds to Downtowner Loop which runs between Airport Blvd, offering easy access to the interstate and West/Mid-Town Mobile, and Michael Blvd. |
| Airports: | Mobile Regional Airport |
| Site Description: | Building is situated perpendicular to the road, offers a wide entry way and ample parking. minimal landscaping is well maintained and offers a campus style feel. |
| Area Description: | Downtowner Loop is a traditional office subdivision that features multiple freestanding offices that are either single use or offer multiple offices, it is well situated off Airport Blvd, giving excellent access for employees in both West and Midtown Mobile. Area is surrounded with retail, banks, restaurants and other amenities. Buildings in the office park have performed well overtime in both leasing and sales. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Year Built: | 2002 |
| Roof Type: | Other |
| Construction/Siding: | Brick, Metal Siding |
| Parking Ratio: | 1.6 (per 1000 SF) |
| Parking Type: | Surface |
| Parking Description: | Asphalt parking lot with 2 handicap spaces |
| Total Parking Spaces: | 42 |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Lot Frontage: | 180 |
| Lot Depth: | 230 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Utilities |
| Land Ownership: | Fee Simple |
| Legal Description: | LOT 1 DOWNTOWN W UNIT 6 RESUB OF LOTS 27-30 CORR PLAT MBK 87/57 #SEC 26 T4S R2W #MP28 07 26 1 000 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 12,449 | 87,014 | 198,500 |
| Median Age: | 31.32 | 36.06 | 36.56 |
| Households: | 5,655 | 36,245 | 80,347 |
| © Copyright 2024 Moody's. All Rights Reserved. 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. |
