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$4,980,000
Est. payment /mo
8,696 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 8,696 sqft
Price per Sqft $572
MLS Listing ID 168855
HOA Y/N No
Year Built 1985
Annual Tax Amount $27,207
Lot Size 1.210 Acres
Acres 1.21
Property Sub-Type Office
Property Description
Absolute NNN lease. Tenant is The Vascular Institute of Birmingham, PC. Lease start date 10/6/21 for 10 year term with 2% annual rent increases. Current annual rent is $244,077.79. Primary physician in the group guaranteed the lease for the first 5 years of term. At expiration of initial 10-year term there are 5 renewal options for 3 years each. Tenant responsible for all operating expenses plus structural repairs.
Site visits, nor contact with tenant, permitted except as arranged by listing agent.
Site visits, nor contact with tenant, permitted except as arranged by listing agent.
Location
State AL
County Jefferson
Area (13) Jefferson County
Direction Near Trussville, inside I-459 loop. Old nav systems might have address as 608 Gadsden Hwy, Birmingham. From BHM take 20/59 No and then stay on I-59 to Exit 134. At exit, take US 11N to property, slightly over 1 mile.
Interior
Fireplace No
Others
Tax ID 01-24-00-06-1-005-003.000
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Listed by Butler Evans Real Estate, Inc.
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