4732 Woodmere Blvd
MLS: Information Package
Location 4732 Woodmere Blvd Montgomery, AL 36106
Building SF: 9,218 SF
Land Area: 34,013 SF
Year Built: 2007
Parking: 43 spaces (4.7 per 1,000)
Gross Revenue: $141,596
Year 1 NOI: $118,000
Year 1 Cap Rate: 8.75%
Tenant Summary: Valbridge Property Advisors– Local franchise of a nationwide company with 70 offices throughout the USA. Local franchise been in business for 50 years, has another office in Birmingham, and has a territory that includes Alabama and NW Florida.
Professional Financial Services-Regional auto finance company with offices in 10 states. Been a tenant for 5 years.
Bush Pediatric Dentistry-Been a tenant for 1 year.
Comments: Professional office building in Central Montgomery. Surrounded by medical practices, banks, real estate companies and other professional offices. Convenient to two interstate exits, Vaughn Road and several schools. Great opportunity for investor wanting cash flow with immediate growth in year 2.
Highlights: Rent increases on all tenants through terms
Good quality building
Great yield in rent bumps annually
Centrally located in Montgomery with access to major arteries
Close to restaurants
2017 $280K medical buildout for end unit, parking lot striped and new HVAC unit
Landlord Responsibilities: Taxes, Insurance, Grounds, Exterior Maintenance, Water
Tenant Responsibilities: Utilities, janitorial, interior maintenance
|Address:||4732 Woodmere Blvd|
|Square Feet:||9,218 SF|
|Lot Square Feet:||34,013 SF|