762 Downtowner Loop W.

Office for Sale
Sale Pending
Catylist Listing ID: 30582657
Property Subtypes: Executive Suites, Net Leased, Office Building
Status: Pending
Building Size (RSF): 15,000 SF
Gross Land Area: 32,500 SF
Sale Price: $659,500
Unit Price: $43.97 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Average Occupancy Rate: 100
Last Updated: 5/13/2021

Overview / Comments

Recently interior renovated and exterior painted multi tenant office building. Concrete and steel construction. Varying lease terms, owners are tenants and will sign multi year leases. Ample parking (4.2 per 1,000 sf).

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: R022807261000021.
Zoning: B-3
Property Located Between: Airport Blvd. & Michael Blvd.
Property Visibility: Good
Highway Access: 1 mile to I-65, 4 miles to I-10
Area Description: Convenient to major retail, restaurants, grocery, office supply and fast food establishments.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 5,000 SF
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Concrete
Parking Ratio: 4.4 (per 1000 SF)
Parking Type: Surface
Parking Description: Ample
Total Parking Spaces: 53
Passenger Elevators: 1
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Spacious, large offices, sheetrock walls, heavy doors, vinyl plank & carpet flooring.
Zoning Description: B-3
Lot Frontage: 130
Lot Depth: 250
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,326 84,826 197,789
Median Age: 32.87 36.2 36.58
Households: 6,149 35,488 80,004


Photograph of Listing Agent

John M. Delchamps

Merrill P. Thomas Co, Inc. Gulf Coast CMLS Member
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