2024 3rd Ave N - Office FOR SALE


Birmingham, AL 35203
$3,975,000 USD
205-326-2222
2024 3rd Ave N, Birmingham, AL for Sale
$3,975,000 USD
Office - FOR SALE
1/19
null | 8.4% Cap Rate

2024 3rd Ave N
Birmingham, AL 35203


HIGHLIGHTS

  • 8.4% cap rate
  • Renovated in 2018

OVERVIEW

21,000 square foot office building currently being operatedas executive office suites. 54 individual office suites are currently 88.4% occupied Total annual rent at 88% occupancy is $397,800 Total annual expenses are $62,412 Actual NOI is $335,388 8.4% cap rate Building was fully renovated in 2018 Renovation included all new HVAC systems, electrical wiring, plumbing, and fixtures All 3 floors have common conference and break rooms Excellent in location in Birmingham’s Central Business District

FOR SALE DETAILS

PRICE

$3,975,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

8.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1904

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,001 SF

ZONING

B4

APN/PARCEL ID

22-00-36-2-011-018.000

ASK ABOUT THIS PROPERTY

Rich VanchinaTessa Commercial Real EstateMore Info
205-326-2222

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Rich VanchinaTessa Commercial Real EstateMore Info
205-326-2222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.