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1664 Forestdale Blvd 8,554 SF Office Building Birmingham, AL 35214 $1,555,961 ($181.90/SF) 7.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Stable, long-term income stream
- Medical use with strong tenant retention
- Located in a high-traffic corridor with excellent visibility
- Easy access to Lanewood Dr
EXECUTIVE SUMMARY
This is a rare opportunity to acquire a 100% fee-simple, single-tenant medical property with an absolute triple-net (NNN) lease, offering passive income with zero landlord responsibilities. The tenant is responsible for all expenses, including taxes, insurance, and maintenance. Perfect for investors seeking a low-maintenance, income-generating asset in a growing market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
8,554 SF
Building Class
C
Year Built/Renovated
1995/2024
Price
$1,555,961
Price Per SF
$181.90
Cap Rate
7.80%
NOI
$121,365
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,554 SF
Building FAR
0.14
Lot Size
1.39 AC
Zoning
CP - Preferred Commercial District
Parking
32 Spaces (2.34 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 21-00-12-4-003-025.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $306,060 |
PROPERTY TAXES
Parcel Number
21-00-12-4-003-025.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$306,060
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1664 Forestdale Blvd
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