109B Opp Ave | Andalusia, AL 36420
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- LoopNet Team
109B Opp Ave
Andalusia, AL 36420
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Strong Tenant Credit: Renalus Kidney Care (NNN lease) and LHC Home Health (renewed gross lease) are reputable, established tenants.
- Long-Term Stability: Over 7 years WALT provides a stable, long-term investment with committed healthcare tenants.
- Comprehensive Renovation: The building was completely renovated in 2020, featuring a brand-new roof, HVAC systems, flooring, windows, electrical.
- Significant Tenant Investment: $450,000 in upgrades by Renalus and $115,000 by LHC reflect strong tenant commitment.
- Early Lease Renewal: LHC Home Health, a nationally recognized provider with 500+ locations, recently signed an early renewal on its lease in August
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
5,150 SF
Building Class
B
Year Built
1962
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,150 SF
Building FAR
0.39
Lot Size
0.31 AC
Parking
13 Spaces (2.52 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $52,060 | |
| Land Assessment | $2,740 | Total Assessment | $54,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,740
Improvements Assessment
$52,060
Total Assessment
$54,800
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