Grelot Professional Park

Office for Sale
Catylist Listing ID: 30337458
Property Subtypes: Business Park, Medical, Flex Space, Office Building
Building Size (RSF): 2,400 SF
Gross Land Area: 26,600 SF
Sale Price: $257,000
Unit Price: $107.08 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Bldg G
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 10/11/2018

Overview / Comments

Professional office building located in Professional Office Park. Centrally located in West Mobile with easy access from Airport, Cottage Hill Rd, Hillcrest Rd, or University Blvd.

Building is a garden style office, split into 2 like sized units. Each tenant has a dedicated entrance. Interiors are upgraded to tile in high traffic areas, carpet in offices and ADA restrooms.

Centrally located in West Mobile with easy access from Airport, Cottage Hill Rd, Hillcrest Rd, or University Blvd.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $2,619 (Annual)
Potential Rental Income $27,600 (Annual)
Gross Operating Income $0 (Annual)
Net Operating Income $21,140 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name The Holliman Group
Is Renting? Yes

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: Mobile County Revenue Commission
Tax ID/APN: 2808284002133.007
Property Located Between: University and Hillcrest
Property Visibility: Excellent
Airports: Mobile Municipal Airport
Site Description: Centrally located in West Mobile with easy access from Airport, Cottage Hill Rd, Hillcrest Rd, or University Blvd. This is a professional commercial park.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,400 SF
Year Built: 2000
Roof Type: Hip
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,210 83,073 159,046
Median Age: 37.66 36.72 36.97
Households: 4,841 35,462 64,582

Contact

Photograph of Listing Agent

Angela McArthur

Stirling Properties Mobile
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.