Catylist ID:
#30642113
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 |
Attachments & Media
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 |
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. |
