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15239 AL Highway 68 9,533 SF Office Building Crossville, AL 35962 $960,000 ($100.70/SF) 8.02% Cap Rate
EXECUTIVE SUMMARY
Offered at an 8% cap rate with a projected NOI of $77,000, this 9,533 SF medical office building in Crossville, Alabama, presents a stable investment opportunity backed by a new 5-year lease. Built in 2008 and situated on 2.44 acres, the property is located at the signalized corner of Alabama Highway 68 and West Street, with 385 feet of frontage on Hwy 68 and three access points. The building features a traditional clinic layout with multiple exam rooms, physician offices, administrative areas, lab, x-ray room, and a secondf loor business suite. Zoned B-2, the site allows for a broad range of commercial uses, adding long-term flexibility. With ample parking, a covered drop-off canopy, and status as the largest medical office building in the market, this asset offers secure cash flow and strong future leasing potential.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,533 SF
Building Class
C
Year Built
2008
Price
$960,000
Price Per SF
$100.70
Cap Rate
8.02%
NOI
$77,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,533 SF
Building FAR
0.09
Lot Size
2.49 AC
Parking
46 Spaces (4.83 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 32-02-04-0-001-028.000 | Improvements Assessment | $103,740 |
| Land Assessment | $4,420 | Total Assessment | $108,160 |
PROPERTY TAXES
Parcel Number
32-02-04-0-001-028.000
Land Assessment
$4,420
Improvements Assessment
$103,740
Total Assessment
$108,160
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15239 AL Highway 68
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