Class A Office Space - Fairhope

Office for Lease
Catylist Listing ID: 30026198
Property Subtypes: Net Leased, Office Building
Contiguous Space: 1,267 SF
Building Size (RSF): 1,267 SF
Gross Building Area: 11,606 SF
Gross Land Area: 0.21 Acres
Lease Rate: $24 PSF (Annual)
Base Monthly Rent: $2,534
Lease Types: NNN
Class of Space: Class A
Usable Size (USF): 1,097 SF
Last Updated: 9/24/2018

Overview / Comments

455 Magnolia is a newly-constructed Class A office building located in Downtown Fairhope, Alabama. The building is 90% leased, with one space available for lease. Suite C-2 consists of approximately 1,267 RSF on the 3rd Floor. The space has a private balcony overlooking Magnolia Avenue, and can be improved to suit specific office space requirements of the tenant. This is a great opportunity for Class A office space in a prime downtown location, within walking distance to area amenities - including a new public parking lot directly across the street.

Expand All Available Space

Suite: C-2 1,267 SF $24 PSF (Annual) NNN
Level/Floor: 3rd
Status: Pending
Space Available: 1,267 SF
Lease Rate: $24 PSF (Annual)
$2,534 (Monthly)
Lease Type: NNN
Space Description: Third floor space available - adjacent to Kopesky & Britt and Fairhope Title. Space has a private balcony overlooking Magnolia Avenue and Downtown Fairhope.
The Landord will offer an improvement allowance to finish the space.
Date Available: 7/1/2018
Space Type: New
CAM Expenses $3 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description Base rate to increase 3% per year. Initial NNN charges estimated at $3.00/sf.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County, AL / Fairhope
Tax ID/APN: 05-46-03-37-0-007-071.504
Zoning: B-2 / COMMERCIAL
Property Located Between: NBC Bank and Wells Fargo Bank
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 4,403 SF
Year Built: 2018
Roof Type: Flat
Parking Type: Surface
Parking Description: 3 on-site spaces, 3 adjacent street spaces, and 51 spaces across the street in a public parking lot.
Passenger Elevators: 1
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,127 13,274 31,182
Median Age: 51.27 46.47 43.16
Households: 2,039 5,981 12,679


The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.