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3000 Riverchase Galleria
Birmingham, AL 35244
The Offices at 3000 Riverchase · Office Property For Sale


INVESTMENT HIGHLIGHTS
- Validated Mixed-Use Amenity Base & Location
- Value Creation Opportunity
- Top Southeast Demographics
- Supply Constrained Market
EXECUTIVE SUMMARY
Jones Lang LaSalle Americas Inc. ("JLL"), as an exclusive advisor, is pleased to present the opportunity to acquire The Offices at 3000 Riverchase (the Project), a value add office project located in Birmingham's robust Hoover submarket in the Riverchase Galleria mall. Currently 52% leased with 3.5 years of WALT, The Offices at 3000 Riverchase offers a unique opportunity to enter a highly affluent submarket at an attractive basis.
The Project presents an established and validated location offering tenants immediate access to the mixed-use amenity base such as diverse dining options, on-site hospitality and abundant parking facilities. The Offices at 3000 Riverchase enjoys unparalleled accessibility via the dedicated Galleria Boulevard to I-459 flyover along with multiple egress and ingress points. Moreover, the Project sits within a demographic stronghold boasting household incomes and educational backgrounds substantially higher than the Birmingham metro, creating a natural talent pipeline that attracts and retains premium employers and employees alike.
The Offices at 3000 Riverchase provides a compelling value creation opportunity through strategic lease-up that capitalizes on existing leasing momentum, while offering potential synergies with the broader redevelopment initiatives being investigated at the Riverchase Galleria mall. In addition, the Project enables investors to establish themselves in a well located submarket at an attractive basis well below replication costs.
The Project presents an established and validated location offering tenants immediate access to the mixed-use amenity base such as diverse dining options, on-site hospitality and abundant parking facilities. The Offices at 3000 Riverchase enjoys unparalleled accessibility via the dedicated Galleria Boulevard to I-459 flyover along with multiple egress and ingress points. Moreover, the Project sits within a demographic stronghold boasting household incomes and educational backgrounds substantially higher than the Birmingham metro, creating a natural talent pipeline that attracts and retains premium employers and employees alike.
The Offices at 3000 Riverchase provides a compelling value creation opportunity through strategic lease-up that capitalizes on existing leasing momentum, while offering potential synergies with the broader redevelopment initiatives being investigated at the Riverchase Galleria mall. In addition, the Project enables investors to establish themselves in a well located submarket at an attractive basis well below replication costs.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
275,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1986/1987
Price
$20,000,000
Price Per SF
$72.73
Percent Leased
51%
Tenancy
Multiple
Building Height
16 Stories
Typical Floor Size
20,195 SF
Slab To Slab
9’
Building FAR
9.02
Lot Size
0.70 AC
Zoning
PC - Planned Commercial
Parking
720 Spaces (2.62 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Fitness Center
- Property Manager on Site
- Reception
- Central Heating
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,106,100 | |
| Land Assessment | $0 | Total Assessment | $8,761,180 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$7,106,100
Total Assessment
$8,761,180
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