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3442-3470 Eastdale Cir
Montgomery, AL 36117
Eastdale Circle · Retail Property For Sale
Investment Highlights
- 41,800 Square Foot Value Add Opportunity on 6.29 Acres
- Ideally situated near Eastdale Mall, Faulkner University, Auburn University at Montgomery, and Baptist Medical Center East
- Immediate Upside Through Leasing Vacant Units and Raising Rents to Market
- A 1.5 Acre Pad Site is Included for Future Expansion of the Shopping Center
Executive Summary
Marcus & Millichap is pleased to present Eastdale Plaza, a 41,800 square foot shopping center built in 1988 and positioned on 6.29 acres. A 1.5 acre pad site is included for future expansion of the shopping center. The subject property is ideally situated near Eastdale Mall, Faulkner University, Auburn University at Montgomery, and Baptist Medical Center East. Eastdale Mall is anchored by JC Penney, Dillard's, and Belk. These nearby institutions provide the property with a permanent location advantage driving traffic and tenant sales.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
41,800 SF
Building Class
C
Year Built
1988
Price
$3,068,235 CAD
Price Per SF
$73.40 CAD
Cap Rate
2.95%
NOI
$90,659 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.15
Lot Size
6.29 AC
Zoning
B-2 - Commercial
Parking
200 Spaces (4.78 Spaces per 1,000 SF Leased)
Frontage
281’ on Eastdale Cir
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 09-03-07-2-006-001.016 | Improvements Assessment | $421,098 CAD |
| Land Assessment | $168,385 CAD | Total Assessment | $589,483 CAD |
Property Taxes
Parcel Number
09-03-07-2-006-001.016
Land Assessment
$168,385 CAD
Improvements Assessment
$421,098 CAD
Total Assessment
$589,483 CAD
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