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: 4/9/2024

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.

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

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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

Contact

Photograph of Listing Agent

Angela McArthur

Stirling Properties Mobile Gulf Coast CMLS Member
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