Investment Opportunity - Bel Air Office Complex 8.9% CAP Rate

Office for Sale
Catylist Listing ID: 30642113
Property Subtypes: Business Park, Mixed Use, Office Building, Other
Building Size (RSF): 124,245 SF
Sale Price: $12,000,000
Unit Price: $96.58 PSF
Property Use Type: Investment
Building Name: Bel Air Office Complex
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.9%
Last Updated: 9/16/2024

Overview / Comments

• 7 Buildings
• 127,170 SF ±
• Class B Office Complex
• Epicenter of Mobile
• Ample Parking
• 92% Leased Currently
• 27 Office Suites Total
• Investment Package available with
executed Confidentiality Agreement

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: R022909303001059.001.
Airports: Mobile Regional Airport, Mobile Aeroplex at Brookley, Pensacola International Airport, Louis Armstrong New Orleans International Airport
Site Description: • 7 Buildings • 127,170 SF ± • Class B Office Complex • Epicenter of Mobile • Ample Parking • 92% Leased Currently • 27 Office Suites Total • Investment Package available with executed Confidentiality Agreement
Area Description: Great investment opportunity of a multitenant office property. Epicenter of Mobile, AL. Close to I-65 and I-10. The 8.8 acre site is surrounded by restaurants, shopping, retail, and residential communities. In place Cap Rate is at 8.9%. Investment Package available upon request to an agent.
Total Number of Buildings: 7

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,547 90,675 188,253
Median Age: 33.46 35.76 36.62
Households: 4,347 37,391 76,783
The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions.