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1820 South Park Dr
Birmingham, AL 35244
Office Property For Sale
Investment Highlights
- Investment Sale.
- 3 (5 year) options to renew.
- Excellent location on Highway 31 along a dense retail corridor
- Absolute NNN lease with 1.75% annual increases until 11/1/24 then tied to CPI.
- Ample onsite parking for employees & customers.
- Just 1 mile from I-65, 2.5 miles from I-459 and easily accessible to all of metropolitan Birmingham.
Executive Summary
Investment Sale. Absolute NNN lease with 1.75% annual increases until 11/1/24 then tied to CPI. 3 (5 year) options to renew. Ample onsite parking for employees & customers. Excellent location on Highway 31 along a dense retail corridor. Just 1 mile from I-65, 2.5 miles from I-459 and easily accessible to all of metropolitan Birmingham. Traffic count in front of site: 34,638 VPD.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
10,607 SF
Building Class
B
Year Built/Renovated
1997/2018
Price
$1,750,000
Price Per SF
$164.99
Cap Rate
6.50%
NOI
$113,712
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,607 SF
Building FAR
0.20
Lot Size
1.24 AC
Parking
30 Spaces (3.13 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 10-9-30-0-001-005-010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $288,920 |
Property Taxes
Parcel Number
10-9-30-0-001-005-010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$288,920
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