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Snead Properties 1001 25th Ave 3,240 SF Office Building Phenix City, AL 36869 $550,000 ($169.75/SF) 10.91% Cap Rate
Investment Highlights
- Tenant is the United States of America (USDA/FSA) — full faith and credit of the federal government
- $60,000 annual base rent ($20.00/SF); full service gross structure — tenant pays flat rent only, landlord covers all operating expenses
- Located minutes from downtown Phenix City and the Columbus, GA metro, directly across the Chattahoochee River
- Current lease term through May 31, 2029; this is Lease Amendment No. 6, evidencing long tenant history at this location
- 3,240 SF building (3,000 SF rentable) on a 1.41-acre, two-parcel site
Executive Summary
Coldwell Banker Commercial – Kennon & Parker is pleased to present 1001 25th Avenue in Phenix City, Alabama — a single-tenant office investment fully leased to the United States of America (USDA Farm Service Agency), serving as the Phenix City Service Center for Russell County agricultural producers. Built in 1989, the 3,240 SF building (3,000 SF rentable) sits on a 1.41-acre, two-parcel site. The current lease term runs through May 31, 2029 at $60,000 per year ($20.00/SF), structured as a full service gross lease with the landlord responsible for maintenance, utilities, janitorial, pest control, taxes, and insurance. Currently under Lease Amendment No. 6, reflecting a long history of continuous federal occupancy at this location. Located minutes from downtown Phenix City and directly across the Chattahoochee River from Columbus, Georgia.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,240 SF
Building Class
B
Year Built
1989
Price
$550,000
Price Per SF
$169.75
Cap Rate
10.91%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,240 SF
Building FAR
0.15
Lot Size
0.50 AC
Parking
35 Spaces (10.8 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 05-05-16-04-003-001.010 | Improvements Assessment | $31,530 |
| Land Assessment | $6,050 | Total Assessment | $37,580 |
Property Taxes
Parcel Number
05-05-16-04-003-001.010
Land Assessment
$6,050
Improvements Assessment
$31,530
Total Assessment
$37,580
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Snead Properties | 1001 25th Ave