Park Place 2350 Fairlane Dr 27,030 SF 81% Leased Office Building Montgomery, AL 36116 $2,974,240 ($110.03/SF) 10% Cap Rate

Park Place presents the opportunity to acquire a well maintained, institutional-quality office building anchored by long-term federal government tenancy. The property is home to the US. General Services Administration (Immigration and Customs Enforcement-ICE) and the United States Marine Corps, providing investors with exceptional credit tenancy and stable cash flow.
Located in Midtown Montgomery's premier office corridor, Park Place offers approximately 27,030 square feet within one of the city's most established professional office environments. Recent capital improvements, an attractive physical presence, and a diversified tenant roster position the property as a stable, income-producing investment with future leasing upside.
Government agencies occupy a significant portion of the building, creating an investment profile that is difficult to replicate in todays office market. Federal tenancy typically provides reliable rent collections, strong tenant retention, and reduced credit risk compared to traditional office users.
The property also offers upside through the lease-up of existing vacant space while benefiting from Montgomery's expanding government, defense, cybersecurity, healthcare, and technology sectors.