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Medical Office 2 Office Properties in Gadsden, AL
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. Both buildings total 100,453 SF. This is your chance to purchase on campus medical office for $32.50/SF.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 112,899 SF |
| Number of Properties | 2 | Total Land Area | 1.99 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 112,899 SF |
| Total Land Area | 1.99 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 300 Gaines Ave, Gadsden, AL 35903 | Office | 57,966 SF | 1992 | - |
| 100 Medical Center Dr, Gadsden, AL 35903 | Office | 54,933 SF | 1977 | - |
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