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24995624

500 St Michael St, Mobile, AL 36602

RL
TN 364909
Jones Aur
Jones Aur
Listed by Jones Aur
Unpriced
1504 days on market
Updated 3 days ago
Opportunity zone

Automation + Controls Engineering (ACE) Headquarters

Details
Property Type Office
Sub Type Creative Office
Square Footage 8,500
Units 1
NOI $85,075
Occupancy 100%
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Class A
Stories 1
Investment Type Net Lease
Tenant Credit Credit Rated

Stand-alone office headquarters for a national credit tenant (ACE Engineering) in Downtown Mobile

Marketing description

Stand-alone office building with a national credit tenant in

Downtown Mobile, Alabama.


Automation + Controls Engineering, LLC ("ACE") is a whollyowned

subsidiary of AWC, Inc. AWC, Inc. generates nearly $150

million in annual sales across its 28 companies.


ACE specializes in providing advanced Instrument and Electrical

Engineering solutions to our valued clients in the Oil and Gas,

Specialty Chemicals, Pulp and Paper, Pharmaceutical and Food and

Beverage industries. Our highly-experienced team designs

Automation and Control Systems for every major brand of

Distributed Control System (DCS) and Programmable Logic

Controllers (PLC) currently in use.


With five years of term remaining and a newly renovated property,

this investment opportunity provides an excellent return with

minimal Landlord responsibility.

Investment highlights

  • 500 St. Michael sits in the middle of De Tonti Square: A historic district in the heart of Downtown Mobile, AL that covers nine blocks and roughly 28 acres
  • In this district, there are 66 buildings that range from world headquarter office buildings, high-end restaurants and coffee shops, and tons of shops and galleries to explore
  • The effort to make this district a vibrant community from the diverse group of residents and business owners is palpable, and the newly renovated buildings give this quaint neighborhood a modern feel

Listing Contacts

RL
TN 364909
Jones Aur
Jones Aur
Listed by Jones Aur

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Loan Amount
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$85,075.00
$7,089.58/mo

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