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109B Opp Ave

5,616 SF Office Building Andalusia, AL 36420 $950,000 ($169/SF) 8.58% Cap Rate

Medical Offices Alabama Andalusia 109B Opp Ave, Andalusia, AL 36420

Investment Highlights

  • Strong Tenant Credit: Renalus Kidney Care (NNN lease) and LHC Home Health (renewed gross lease) are reputable, established tenants.
  • Long-Term Stability: Over 7 years WALT provides a stable, long-term investment with committed healthcare tenants.
  • Significant Tenant Investment: $450,000 in upgrades by Renalus and $115,000 by LHC reflect strong tenant commitment.

Executive Summary

Zeustra Healthcare Real Estate Advisors is pleased to present this exclusive opportunity to acquire a 5,150-square-foot multi-tenant medical office building located at 109 Opp Ave, Andalusia, AL. This property is secured by two established tenants, Renalus Kidney Care and LHC Home Health, who have long-term commitments to the space with a Weighted Average Lease Term (WALT) exceeding 7 years.

Attachments

109 Opp Ave OM vf

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,616 SF
Building Class
B
Year Built/Renovated
1962/2019
Price
$950,000
Price Per SF
$169
Cap Rate
8.58%
NOI
$81,477
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,616 SF
Building FAR
0.47
Lot Size
0.28 AC
Parking
13 Spaces (2.31 Spaces per 1,000 SF Leased)
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PROPERTY TAXES

Parcel Number 13-04-18-4-404-040.000 Improvements Assessment $52,060
Land Assessment $2,540 Total Assessment $54,600

PROPERTY TAXES

Parcel Number
13-04-18-4-404-040.000
Land Assessment
$2,540
Improvements Assessment
$52,060
Total Assessment
$54,600
(732) 856-4349

Contacts

  • Listing ID: 33856804

  • Date on Market: 11/13/2024

  • Last Updated:

  • Address: 109B Opp Ave, Andalusia, AL 36420

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109B Opp Ave
(732) 856-4349 x

109B Opp Ave

1/2

Ryan Lupo

(732) 856-4349

(732) 856-4349

Nick Myers

(717) 514-6390

(717) 514-6390

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