Montgomery County – 4732 Woodmere Blvd, Montgomery, AL – PRICE REDUCED!

Active

 $1,242,000

4732 Woodmere Blvd
Montgomery, AL

MLS: Information Package


Description

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:                   9.5%

 

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

                                              100% leased

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

Details
Address: 4732 Woodmere Blvd
City:Montgomery
County:Montgomery
State:AL
Square Feet: 9,218 SF
Lot Square Feet:34,013 SF