2024 3rd Avenue North

For LeaseMeredith CalhounRich VanchinaWarehouseRetailOffice

Apr 29

Written By Ritika Ramchandani

Birmingham, Alabama 35203

Downtown Office Investment For Sale

Building Size: 3,313 SF Asking Price: $3,975,000 ($189 PSF)

Sale Details:

21,000 square foot office building currently being operated as 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

Listed by Rich Vanchina, SIOR

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OfficeFor Sale+15000 SFRich Vanchina

Ritika Ramchandani

703 Western Drive Mobile, Alabama

3501 1st Ave S.