Catylist ID:
#30642113
Investment Opportunity - Bel Air Office Complex 8.9% CAP Rate
Office
for Sale
| Catylist Listing ID: | 30642113 |
| Property Subtypes: | Business Park, Mixed Use, Office Building, Other |
| Building Size (RSF): | 124,245 SF |
| Sale Price: | $12,000,000 |
| Unit Price: | $96.58 PSF |
| Property Use Type: | Investment |
| Building Name: | Bel Air Office Complex |
| Class of Space: | Class B |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 8.9% |
| Last Updated: | 4/22/2024 |
Overview / Comments
|
• 7 Buildings • 127,170 SF ± • Class B Office Complex • Epicenter of Mobile • Ample Parking • 92% Leased Currently • 27 Office Suites Total • Investment Package available with executed Confidentiality Agreement |
Attachments & Media
Additional Details
| Nearest MSA: | Mobile |
| County: | Mobile |
| Tax ID/APN: | R022909303001059.001. |
| Airports: | Mobile Regional Airport, Mobile Aeroplex at Brookley, Pensacola International Airport, Louis Armstrong New Orleans International Airport |
| Site Description: | • 7 Buildings • 127,170 SF ± • Class B Office Complex • Epicenter of Mobile • Ample Parking • 92% Leased Currently • 27 Office Suites Total • Investment Package available with executed Confidentiality Agreement |
| Area Description: | Great investment opportunity of a multitenant office property. Epicenter of Mobile, AL. Close to I-65 and I-10. The 8.8 acre site is surrounded by restaurants, shopping, retail, and residential communities. In place Cap Rate is at 8.9%. Investment Package available upon request to an agent. |
| Total Number of Buildings: | 7 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,547 | 90,675 | 188,253 |
| Median Age: | 33.46 | 35.76 | 36.62 |
| Households: | 4,347 | 37,391 | 76,783 |
Contact
| © 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. |
