Marble City Plaza
Office | 8.67% CAP | 30,200 SqFt
Marketing description
I am pleased to bring to the market this 2 building / 8 unit Marble City Plaza! There are currently 4 units leased with 4 units available. All the leases have a 5 year term with 1 - 5 year option with a 15% rent increase at each option period. 1 tenant signed in 2024, 2 tenants signed in 2025 and 1 tenant has signed in 2026. $91,000 NOI with the 4 current tenants. Total Pro Forma rent would be $222,000 and Total Pro Forma CAP would be 14.8%. The available units are approx...8,000 square feet, 5,500 square feet, 3,200 square feet and 1,800 square feet. There are over 12,000 vehicles per day along Talladega Highway. This property is For Sale and For Lease!
Investment highlights
I am pleased to bring to the market this 2 building / 8 unit Marble City Plaza! There are currently 4 units leased with 4 units available. All the leases have a 5 year term with 1 - 5 year option with a 15% rent increase at each option period. 1 tenant signed in 2024, 2 tenants signed in 2025 and 1 tenant has signed in 2026. $91,000 NOI with the 4 current tenants. Total Pro Forma rent would be $222,000 and Total Pro Forma CAP would be 14.8%. Tenants pay $1 per foot for CAM. The available units are approx...8,000 square feet, 5,500 square feet, 3,200 square feet and 1,800 square feet. There are over 12,000 vehicles per day along Talladega Highway.
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