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The Strickland Building 4252 Carmichael Rd 8,422 SF 100% Leased Office Building Montgomery, AL 36106 $595,000 ($70.65/SF)
Executive Summary
Property Highlights:
• Excellent location only 10 minutes to historic downtown Montgomery.
• Only .5 miles from I-85 (90,000+ cars per day).
• AADT on Carmichael Road is 19,130.
• Population is 8,143 in a one-mile radius.
• Surrounded by professional offices, restaurants, shopping, and 2 private schools.
• 25 office suites, spacious lobby and 2 conference rooms which are nicely furnished, 2 large restrooms on each floor, and a breakroom.
• Approximately 80% leased with stable tenants; Rents from $390 to $770 per month.
• Very large parking lot; nice landscaping.
• Security system, excellent carpet and furniture in lobby and conference rooms.
• Built in 1996 and contains 9,241 S.F. and is in excellent condition.
This building is a great investment for a user/investor. Occupy approximately 1,000 S.F., and rent the balance for good cash flow to offset your occupancy cost. Moreover, it gives you the opportunity to expand within the building as your business grows. Call agent for appointment.
• Excellent location only 10 minutes to historic downtown Montgomery.
• Only .5 miles from I-85 (90,000+ cars per day).
• AADT on Carmichael Road is 19,130.
• Population is 8,143 in a one-mile radius.
• Surrounded by professional offices, restaurants, shopping, and 2 private schools.
• 25 office suites, spacious lobby and 2 conference rooms which are nicely furnished, 2 large restrooms on each floor, and a breakroom.
• Approximately 80% leased with stable tenants; Rents from $390 to $770 per month.
• Very large parking lot; nice landscaping.
• Security system, excellent carpet and furniture in lobby and conference rooms.
• Built in 1996 and contains 9,241 S.F. and is in excellent condition.
This building is a great investment for a user/investor. Occupy approximately 1,000 S.F., and rent the balance for good cash flow to offset your occupancy cost. Moreover, it gives you the opportunity to expand within the building as your business grows. Call agent for appointment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,422 SF
Building Class
B
Year Built
1996
Price
$595,000
Price Per SF
$70.65
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,210 SF
Slab To Slab
9’
Building FAR
0.32
Lot Size
0.60 AC
Zoning
B-2 - Commercial
Parking
40 Spaces (4.75 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 10-06-23-1-000-002.004 | Improvements Assessment | $110,500 |
| Land Assessment | $25,240 | Total Assessment | $135,740 |
Property Taxes
Parcel Number
10-06-23-1-000-002.004
Land Assessment
$25,240
Improvements Assessment
$110,500
Total Assessment
$135,740
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The Strickland Building | 4252 Carmichael Rd
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