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Westmead Office Complex 2119 Westmead Dr SW 22,000 SF 100% Leased Office Building Decatur, AL 35603 $2,250,000 ($102.27/SF) 7.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Location ensures optimal visibility and accessibility
- Offers easy access to essential amenities and attractions
EXECUTIVE SUMMARY
Unlock the potential of 2119 Westmead Drive SW in Decatur, AL. This prime property offers an exceptional leasing opportunity, featuring a spacious 22,000 SF building accommodating 12 units. With a construction year of 1979, this well-maintained space is tailored to meet the diverse needs of businesses. Zoned M-1A, it provides versatility for a range of commercial activities, and its strategic location in the Decatur area ensures optimal visibility and accessibility. Embrace the opportunity to lease within a high-quality and in-demand property, offering the ideal environment for businesses to thrive and succeed.
Situated in a thriving commercial hub, this location offers easy access to essential amenities and attractions. Nearby are the Point Mallard Park, renowned for its golf course and water park, as well as the Cook Museum of Natural Science, providing an enriching experience for professionals and families alike. With a variety of dining options, retail centers, and recreational facilities in close proximity, this area presents a dynamic and convenient setting for Office/Office Warehouse investors and tenants. Experience the perfect blend of business and leisure opportunities at this prime Decatur location.
Situated in a thriving commercial hub, this location offers easy access to essential amenities and attractions. Nearby are the Point Mallard Park, renowned for its golf course and water park, as well as the Cook Museum of Natural Science, providing an enriching experience for professionals and families alike. With a variety of dining options, retail centers, and recreational facilities in close proximity, this area presents a dynamic and convenient setting for Office/Office Warehouse investors and tenants. Experience the perfect blend of business and leisure opportunities at this prime Decatur location.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Building Size
22,000 SF
Building Class
B
Year Built
1979
Price
$2,250,000
Price Per SF
$102.27
Cap Rate
7.50%
NOI
$168,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
22,000 SF
Building FAR
0.31
Lot Size
1.65 AC
Zoning
M1-A - Industrial
Parking
126 Spaces (0.45 Spaces per 1,000 SF Leased)
AMENITIES
- Fully Carpeted
- Natural Light
PROPERTY TAXES
| Parcel Number | 02-07-26-4-002-003.002 | Improvements Assessment | $85,180 |
| Land Assessment | $43,200 | Total Assessment | $128,380 |
PROPERTY TAXES
Parcel Number
02-07-26-4-002-003.002
Land Assessment
$43,200
Improvements Assessment
$85,180
Total Assessment
$128,380
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Westmead Office Complex | 2119 Westmead Dr SW
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