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300 Medical Center Dr 54,933 SF 100% Leased Office Building Gadsden, AL 35903 $3,250,000 ($59.16/SF)
Investment Highlights
- On-campus location: Directly connected to Gadsden Regional Medical Center, offering strong visibility and tenant synergies.
- Value creation: Flexible lease terms and vacant space create a near-term opportunity to increase occupancy and improve cash flow.
- Low basis: Acquire on campus medical significantly below comparable development or acquisition costs in the medical office space
- Community impact: Positioned to support healthcare delivery in a rural and medically underserved region, aligning with ESG and mission-driven capital.
Executive Summary
100 & 300 Medical Center Drive will be sold together. The list price is $3.25 M. In place NOI for the portfolio is a 9.5% cap rate. At 52% occupancy with good market momentum, there is a significant opportunity to create value and drastically increase returns and cash flows with this acquisition.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Property Subtype
Medical
Building Size
54,933 SF
Building Class
B
Year Built
1977
Price
$3,250,000
Price Per SF
$59.16
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
13,733 SF
Building FAR
2.96
Lot Size
0.43 AC
Zoning
O-1
Parking
199 Spaces (3.62 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 15-01-11-1-000-004.000 | Improvements Assessment | $758,660 |
| Land Assessment | $4,640 | Total Assessment | $763,300 |
Property Taxes
Parcel Number
15-01-11-1-000-004.000
Land Assessment
$4,640
Improvements Assessment
$758,660
Total Assessment
$763,300
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300 Medical Center Dr
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