TITLE:
5 Years Pre-Paid Commercial office lease Birmingham AL
CONTROL:
Exclusive
VALUE:
$309,000
LOAN:
$0
EQUITY:
$309,000
TYPE:
Office Building
HAVE:
Five years prepaid lease on 4,577 SF office space in a 111,545 four buildings 2 story each in a prime area. Occupancy is currently at 88.6%. Rent rates currently range between $13.50-$18.45/SF.
ADDRESS:
631 Beacon Parkway, Birmingham, Alabama
BENEFITS TO NEW OWNER:
Cash Flow by using or subleasing space
OTHER FILES:
GROSS SCHEDULED INCOME:
$61,790 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$61,790
EXPENSES:
$0
NOI:
$61,790
DEBT SERVICE:
$0
CASH FLOW:
$61,790
CAP RATE:
20.00%
BENEFITS SOUGHT:
Activate equity
CAN ADD:
More space- Notes- Real Estate
REMARKS:
Attractive two story building in a prime area of Birmingham with high occupancy rates. We signed 4 leases in the first quarter of 2023.
COUNSELOR:
George Noor
Norkat Financial Inc.
330 Cessna Circle
Corona, California, 92880
Phone: 909-841-4545
Email george.noor@gmail.com
