Wells Fargo Bank Building

Office for Sale
Catylist Listing ID: 30049012
Property Subtypes: Office Building
Building Size (RSF): 64,026 SF
Gross Building Area: 97,949 SF
Gross Land Area: 5,217 SF
Sale Price: $2,500,000
Unit Price: $39.05 PSF
Property Use Type: Investment, Business
Building Name: Wells Fargo Bank Building a/k/a Waterman Building
Class of Space: Class B
Core Factor: 10%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 60
Last Updated: 7/18/2017

Overview / Comments

This historic building was built in 1947-1948 by Waterman Steamship Company, and it was originally Waterman's international headquarters. This iconic building was constructed with the best of materials, including several kinds of marble, as well as granite and brass accents. The beautiful Art Deco architectural features a breath-taking mural in the bank lobby, and panoramic views that make this property truly one-of-a-kind. The building is located in the heart of the CBD, on St. Joseph St. It has 16 leasable floors and a balcony on the top tenant floor that overlooks Bienville Square. The elevators were modernized a few years ago.

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: City of Mobile
Tax ID/APN: 2906400002172.000
Zoning: T-6
Property Located Between: St. Michael St. and St. Francis Street
Property Visibility: Excellent
Highway Access: Near I-10 and I-165
Airports: Close to Mobile Aeroplex at Brookley
Site Description: Beautiful historic office building located on 61 St. Joseph St., with 16 floors of tenant space (18 floors total).
Area Description: Property located on St. Joseph St. and St. Michael St., in the heart of downtown Mobile. one block north of Bienville Square within walking distance to the courthouse, banks and the waterfront. Surrounded by other office buildings, including the Regions Bank Building, Corp of Engineers Building, RSA Trustmark Building
Total Number of Buildings: 1
Number of Stories: 16
Typical SF / Floor: 4,175 SF
Year Built: 1947
Roof Type: Flat
Construction/Siding: Marble
Exterior Description: Granite and marble exterior
Parking Description: Parking available at nearby parking lots
Passenger Elevators: 4
Sprinklers: Wet
Heat Type: Natural Gas, Steam, Suspended Radiant Heaters
Heat Source: Radiant
Air Conditioning: Other
Internet Access: Other
Interior Description: Air conditioner - chilled water; internet access - fiver in basement, can be run to individual suites
Zoning Description: T-6
In Flood Plain?: Yes
Lot Frontage: 83.10
Lot Depth: 63.17
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Watersouth Associates, LLC
Legal Description: Metes & bounds - BEG AT PT WHICH IS SW COR OF ST JOSEPH & ST MICHAEL ST TH RUN WLY ALG S/L OF ST MICHAEL ST 83.10 FT TO NW COR OF E A ROBERTS BLDG TH DEFL 91 DEG 01 MIN TO LT RUN SLY ALG W FACE OF W

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,248 48,449 99,401
Median Age: 38.04 36.17 36.17
Households: 1,658 18,705 38,649

Contact

Photograph of Listing Agent

Nathan Handmacher

Stirling Properties Mobile Mobile, AL 36602
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