Bellator Real Estate Office Building for Sale

Office for Sale
Sale Pending
Catylist Listing ID: 30859274
Property Subtypes: Office Building, Other
Status: Pending
Building Size (RSF): 3,568 SF
Gross Building Area: See Agent
Gross Land Area: 15,000 SF
Sale Price: $575,000
Unit Price: $161.15 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.17%
Last Updated: 5/22/2024

Overview / Comments

LEASE ABSTRACT

Tenant: Bellator Real Estate Company
Offering Price: $575,000
Cap Rate: 8.17%
Guarantor: Bellator Inc.
Building Size: +/- 3,568 SF
Site Size: +/- 15,000 SF
Base Lease Term: Five (5) years commencing 7/1/24
Renewal Options: One (1), Five (5) year option
Rent Escalations: 3% bumps starting at year 3
Net Operating Income: $47,000 per year
Rent Per SF: $16.00 PSF
Lease Type: Gross
Zoning: B-3
Transaction type: Fee Simple

Attachments & Media

Current Tenants

Tenant Business Name Bellator Real Estate and Development

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2809321000001052
Zoning: B-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,630 74,943 153,506
Median Age: 36.74 38.14 36.61
Households: 8,300 31,468 61,990

Contact

Photograph of Listing Agent

Cameron Weavil, CCIM

The Weavil Company, LLC
Gulf Coast CMLS Member
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