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30066868
30066867

215 Grant St SE, Decatur, AL 35601

GW
AL 000235024-0
Longleaf Realty Partners, LLC
Listed by Longleaf Realty Partners, LLC
$1,390,000
91 days on market
Updated 91 days ago

215 Grant Street

Details
Property Type Office
Sub Type Traditional Office
Square Footage 7,774
Net Rentable (SqFt) 3,887
Units 2
Cap Rate 3.69%
NOI $51,249
Occupancy 50%
Tenancy Multi
Lease Type Modified
Lease Term 7
Lease Expiration 11/01/2032
Remaining Term 6.4
Rent Bumps Yes
Pro-Forma Cap Rate 8.72%
Pro-Forma NOI $121,215
Price per SqFt $179
Broker Co-Op Yes
Class A
Year Renovated 2025
Buildings 1
Stories 2
Investment Type Value Add
Lease Commencement 11/01/2025

Office | 7,774 SqFt

Marketing description

7,774 Sf two story office building for sale or lease. First floor is leased to ABA Service Providers through 2032. 2nd story (3,887 SF) available for owner occupancy or can be leased out

Investment highlights

Listing Contacts

GW
AL 000235024-0
Longleaf Realty Partners, LLC
Listed by Longleaf Realty Partners, LLC

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$51,249.00
$4,270.75/mo

Valuation Metrics

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DSCR
3.69%
Cap Rate
3.69%
ROI

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