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Park Place 2350 Fairlane Dr 27,030 SF 81% Leased Office Building Montgomery, AL 36116 $4,119,709 CAD ($152.41 CAD/SF) 10% Cap Rate
Investment Highlights
- Anchored by the US GSA and US Marine Corps.
- Recent building improvements and ample parking with a professional campus environment.
- Opportunity to increase occupancy and NOI.
- Diversified multi-tenant office investment with strong federal credit tenancy.
- Attractive midtown Montgomery location with excellent visibility and convenient access to Eastern Boulevard.
Executive Summary
Park Place presents the opportunity to acquire a well maintained, institutional-quality office building anchored by long-term federal government tenancy. The property is home to the US. General Services Administration (Immigration and Customs Enforcement-ICE) and the United States Marine Corps, providing investors with exceptional credit tenancy and stable cash flow.
Located in Midtown Montgomery's premier office corridor, Park Place offers approximately 27,030 square feet within one of the city's most established professional office environments. Recent capital improvements, an attractive physical presence, and a diversified tenant roster position the property as a stable, income-producing investment with future leasing upside.
Government agencies occupy a significant portion of the building, creating an investment profile that is difficult to replicate in todays office market. Federal tenancy typically provides reliable rent collections, strong tenant retention, and reduced credit risk compared to traditional office users.
The property also offers upside through the lease-up of existing vacant space while benefiting from Montgomery's expanding government, defense, cybersecurity, healthcare, and technology sectors.
Located in Midtown Montgomery's premier office corridor, Park Place offers approximately 27,030 square feet within one of the city's most established professional office environments. Recent capital improvements, an attractive physical presence, and a diversified tenant roster position the property as a stable, income-producing investment with future leasing upside.
Government agencies occupy a significant portion of the building, creating an investment profile that is difficult to replicate in todays office market. Federal tenancy typically provides reliable rent collections, strong tenant retention, and reduced credit risk compared to traditional office users.
The property also offers upside through the lease-up of existing vacant space while benefiting from Montgomery's expanding government, defense, cybersecurity, healthcare, and technology sectors.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
27,030 SF
Building Class
B
Year Built/Renovated
1987/2026
Price
$4,119,709 CAD
Price Per SF
$152.41 CAD
Cap Rate
10%
NOI
$411,971 CAD
Percent Leased
81%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,515 SF
Slab To Slab
9’
Building FAR
0.39
Lot Size
1.58 AC
Zoning
O-1 - Office District
Parking
135 Spaces (4.99 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Controlled Access
- Security System
- Monument Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
2,393 square feet of office space available.
2,690 square feet of office space.
542 square feet of office space available for lease.
CALL AGENT FOR PRICING
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 2,393 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 110 | 2,690 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 210 | 542 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 230 | 2,285 SF | Office | Partial Build-Out | Now |
1st Fl-Ste 100
| Size |
| 2,393 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 110
| Size |
| 2,690 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 210
| Size |
| 542 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 230
| Size |
| 2,285 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 2,393 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
2,393 square feet of office space available.
1st Fl-Ste 110
| Size | 2,690 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
2,690 square feet of office space.
2nd Fl-Ste 210
| Size | 542 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
542 square feet of office space available for lease.
2nd Fl-Ste 230
| Size | 2,285 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
CALL AGENT FOR PRICING
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 10-07-26-3-002-036.001 | Improvements Assessment | $458,281 CAD |
| Land Assessment | $38,683 CAD | Total Assessment | $496,964 CAD |
Property Taxes
Parcel Number
10-07-26-3-002-036.001
Land Assessment
$38,683 CAD
Improvements Assessment
$458,281 CAD
Total Assessment
$496,964 CAD
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Park Place | 2350 Fairlane Dr
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