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1820 South Park Dr 10,607 SF Office Building Birmingham, AL 35244 $2,374,750 CAD ($223.89 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Investment Sale.
- 3 (5 year) options to renew.
- Excellent location on Highway 31 along a dense retail corridor
- Absolute NNN lease with 1.75% annual increases until 11/1/24 then tied to CPI.
- Ample onsite parking for employees & customers.
- Just 1 mile from I-65, 2.5 miles from I-459 and easily accessible to all of metropolitan Birmingham.
Executive Summary
Investment Sale. Absolute NNN lease with 1.75% annual increases until 11/1/24 then tied to CPI. 3 (5 year) options to renew. Ample onsite parking for employees & customers. Excellent location on Highway 31 along a dense retail corridor. Just 1 mile from I-65, 2.5 miles from I-459 and easily accessible to all of metropolitan Birmingham. Traffic count in front of site: 34,638 VPD.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
10,607 SF
Building Class
B
Year Built/Renovated
1997/2018
Price
$2,374,750 CAD
Price Per SF
$223.89 CAD
Cap Rate
6.50%
NOI
$154,307 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,607 SF
Building FAR
0.20
Lot Size
1.24 AC
Parking
30 Spaces (3.13 Spaces per 1,000 SF Leased)
1 1
Property Taxes
| Parcel Number | 10-9-30-0-001-005-010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $386,012 CAD |
Property Taxes
Parcel Number
10-9-30-0-001-005-010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$386,012 CAD
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1820 South Park Dr
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