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Off Market
1/1

200 Beacon Pky W
Birmingham, AL 35209


HIGHLIGHTS

  • Excellent Rare Office & Industrial Investment Opportunity at 11.81% Cap Rate
  • Major Tenants include Alabama State Government Tenants & Large Sporting Facilities

OVERVIEW

43,000 SF, 3-Story Class B Office Building, plus 6,000 SF Warehouse on +/- 3.53 acre lot · 2 Main Entrances (Located on 1st floor & 2nd floor) · Updated in 2010 and 2016 with NEW electrical work and NEW A/C · 152 parking spaces (Ample parking!) · Located in Historically Underutilized Business Zone (HUBZone) Offered for sale is the TriVis Building, a 43,000 +/- SF Class B office building and a 6,000 +/- SF warehouse situated on 3.53 acres with an asking CAP rate of 8.62% on current income. The Property is currently leased to a diverse group of tenants, with the Alabama Department of Corrections leasing the entire third floor, and offers investors an excellent opportunity to acquire an asset within a continuously growing submarket of Birmingham. The Property is located on Beacon Parkway West just off the intersection of Valley Avenue and Green Springs Highway, both highly trafficked weekday commuter routes into and out of downtown Birmingham. The Property also boasts extremely easy access from Interstate 65, Montgomery Highway and US Highway 280. Major area points of interest in the area include The Oxmoor Industrial Park (1.0 mile), Vulcan Park and Museum (2.4 miles), Red Mountain Park (3.8 miles), UAB and downtown Birmingham (4.5 miles), Brookwood Baptist Hospital (4.7 miles) and many others.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

AL Department of Corrections

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, Warehouse, Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

51258

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

152

LAND DETAILS

LAND ACRES

3.53 AC AC

LAND SF

153,767 SF

ZONING

-

APN/PARCEL ID

29-00-14-2-001-009.000