2189 Parkway Lake Dr - Office FOR SALE


Birmingham, AL 35244
$1,905,000 USD
205-598-8382
2189 Parkway Lake Dr, Birmingham, AL for Sale
$1,905,000 USD
Office - FOR SALE
1/11
null | 7.1% Cap Rate

2189 Parkway Lake Dr
Birmingham, AL 35244


HIGHLIGHTS

  • The building is priced below replacement cost.
  • Upstairs is roughly 7,290 SF and the bottom is roughly 5,103 SF with 2,500 +/- SF of that being warehouse space with 14 foot clear heights.
  • Built in 1988, but renovated within the last few years.

OVERVIEW

This professional office building is situated in Shelby County, AL. This suburban location is a major hub for some of Birmingham’s most prominent companies, housing multiple corporate headquarters. The building is located just between Hwy 31 and Riverchase Parkway East in Hoover, only minutes off of I-65 and just 18 minutes from downtown Birmingham. Fully leased to Star Asset Security, the lease escalates by 2.5% per year.

FOR SALE DETAILS

PRICE

$1,905,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

105

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

C1

APN/PARCEL ID

10-4-19-0-001-001-022

ASK ABOUT THIS PROPERTY

Robert CrookIronVest PartnersMore Info
205-598-8382

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

Robert CrookIronVest PartnersMore Info
205-598-8382

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