This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
5009 Riverchase Dr
Phenix City, AL 36867
Riverchase Business Centre, Building 600 · Office Property For Sale
Property Facts
Amenities
- Signage
About 5009 RIVERCHASE DR , PHENIX CITY, AL 36867
*** EXCEPTIONAL INVESTMENT OPPORTUNITY *** 8.04% CAP RATE WITH ONLY 64.1% LEASED *** PROFORMA CAP RATE 13.08% *** A very rare opportunity to purchase a building in the only professional office park within Phenix City (submarket to Columbus, GA). This is a high Class B building that has been well maintained. Its very easy to be an absent owner/manager due to the Office Park Association managing everything outside of the walls of the building. The only expense the property owner pays and/or manages is the property insurance, property tax, water, and association dues. The property has exceptional tenants and leases including the following: Suite A, OBGYN Physician, 62 months remaining on lease, 1,790 SF Suite Suite B, Vacant Shell, 2,680 SF Suite, should lease at $20.00 PSF Gross Modified Suite C, Podiatrist Physician, 8 years remaining on lease, 1,845 SF Suite Suite D, Edward Jones Investments, 7 years remaining on lease, 1,155 SF Suite
Property Taxes
| Parcel Number | 14-08-27-0-000-002.007-600 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $147,820 |
Property Taxes
