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1989 Montgomery Hwy S
Birmingham, AL 35244
Office Property For Sale
Investment Highlights
- Brand new 10-year NN lease with ±7 years remaining and 1% annual increases.
- Passive investment with landlord responsible only for roof and structure.
- Affluent demographics with $110K+ average household income within 1 mile.
- Corporate guarantee from Urgent Team, a leading urgent care operator with 85+ locations.
- Prime location on Montgomery Hwy with 35,000+ VPD and strong retail synergy.
- Located in Birmingham MSA, experiencing 8.8% 5-year population growth.
Executive Summary
Hutt Cooke
Matthews Real Estate Investment Services, Inc
License # 000110253 - 0, 000168807-0 (AL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 000110253 - 0, 000168807-0 (AL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,180 SF
Building Class
C
Year Built/Renovated
2000/2022
Price
$2,204,420 CAD
Price Per SF
$693.21 CAD
Cap Rate
7%
NOI
$154,309 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
3,180 SF
Building FAR
0.10
Lot Size
0.73 AC
Zoning
Commercial - Commercial
Parking
40 Spaces (12.58 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
Property Taxes
| Parcel Number | 10-9-30-0-001-005-002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $275,192 CAD |
Property Taxes
Parcel Number
10-9-30-0-001-005-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$275,192 CAD
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