Investment Property - Timbercreek Office Park

Office for Sale
Catylist Listing ID: 30769855
Property Subtypes: Office Building
Building Size (RSF): 5,307 SF
Gross Land Area: 32,421 SF
Sale Price: $1,100,000
Unit Price: $207.27 PSF
Ceiling: 9 ft.
Property Use Type: Investment
Building Name: 9805 Millwood Circle
Class of Space: Class B
Usable Size (USF): 5,307 SF
Sale Terms: Cash to Seller
Cap Rate: 6.8%
Average Occupancy Rate: 100
Last Updated: 11/17/2021

Overview / Comments

Fully leased investment property in Timbercreek Office Park. Very well-maintained office building, New 5-year lease terms recently secured with the 2 national tenants in occupancy of the building.


Finance Data Year 2021
Gross Operating Income $94,575 (Annual)
Net Operating Income $74,652 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Edward Jones
Is Renting? Yes
SF of Space Occupied 1,503 SF
Lease Expiration 11/2026
Tenant Business Name Odyssey Healthcare
Is Renting? Yes
SF of Space Occupied 3,804 SF
Lease Expiration 1/2027

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County
Tax ID/APN: 05-32-08-27-0-000-002.219
Property Visibility: Excellent
Highway Access: West side of Highway 181, across from Eastern Shore Center.
Site Description: Improved site, with surface parking lot
Area Description: Professional business park
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,307 SF
Year Built: 2004
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Surface lot
Total Parking Spaces: 23
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Fully improved office suites
Zoning Description: B- 3 / Professional Business / City of Daphne
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 4, Timbercreek Office Park

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 19,539 22,621
Median Age: 38.16 38.27
Households: 7,759 9,063


Photograph of Listing Agent

Jeff Barnes

Stirling Properties Mobile Mobile, AL
Gulf Coast CMLS Member
Photograph of Listing Agent

Steadman Bethea

Stirling Properties Mobile Gulf Coast CMLS Member
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