Listed by Norluxe
$925,000
Medical Center Dr
Details
APN 19-01-02-4-000-001.078
Property Type Office
Sub Type Creative Office, Executive Office
Square Footage 4,815
Net Rentable (SqFt) 4,815
Cap Rate 6.95%
NOI $64,300
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 10
Lease Expiration 05/21/2035
Remaining Term 9
Rent Bumps No
Price per SqFt $192
Broker Co-Op Yes
Class A
Year Built 2018
Buildings 1
Stories 1
Acreage 1.100
Zoning b-2
Parking Spaces 30 spaces
Parking Per SqFt 6.23
Investment Type Stabilized
Lease Commencement 05/21/2025
Occupancy Date 05/21/2025
Class A Property | Prime Tenant | 10 Year Lease
Marketing description
lass A asset with a sustained tenant on year one of a ten year lease. Structure is Ibeam with no load bearing walls, meaning the configuration can suit many different applications. Current layout has 2 executive style offices, approx. 14 smaller offices, multiple conference room spaces multiple storage areas and 4 restrooms, two of which are specifically for children. Property is an excellent location with strong growth potential. It is zoned B-2 with traffic counts of 17k+ per day.
Investment highlights
Asset located on main thoroughfare of Prattville, AL 17,000+ VPD
Tenant on year one of ten year lease
Built in 2018
I-Beam construction providing flexibility in interior layout
Listing Contacts
Listed by Norluxe
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,300.00
$5,358.33/mo
Valuation Metrics
0
DSCR
6.95%
Cap Rate
6.95%
ROI
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