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120 Cahaba Valley Pky
Pelham, AL 35124
Alabama Bone and Joint Building · Office Property For Sale
Investment Highlights
- Fully occupied two-story medical office building with strong visibility from I-65.
- Optional 2.34-acre adjoining parcel available, with parking ratio ranging from 5 to 6.2 per 1,000 depending on acquisition.
- Stable investment supported by five quality medical tenants within the Birmingham MSA.
Executive Summary
Fully occupied medical office building for sale in Pelham, AL. This property has visibility from I-65 and is located just South of Birmingham (within the MSA). This building is two stories and is occupied by a quality mix of five tenants. There is an opportunity to buy an extra 2.34 acres of land for $650,000. The current parking ratio is 6.2/1,000 but if the extra land parcel is not purchased with the building, then buyer will lose some of the existing parking and ratio would become 5/1,000.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
28,600 SF
Building Class
B
Year Built/Renovated
1995/2019
Price
$5,181,306
Price Per SF
$181.16
Cap Rate
7.50%
NOI
$388,598
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,300 SF
Slab To Slab
12’
Building FAR
0.13
Lot Size
5.02 AC
Zoning
B2 - Commercial
Parking
210 Spaces (6.2 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $867,640 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$867,640
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