1855 Spring Hill Ave
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1855 Spring Hill Ave
11,407 SF Office Building Mobile, AL 36607 $1,550,000 ($136/SF) 9.42% Cap Rate
Investment Highlights
- Secure Lease: A 3-year lease is in place, personally guaranteed by the physicians, ensuring a reliable income stream
- Low Cost Basis: Priced at just $136 per square foot
- Below Market Rent: The property offers below-market rates.
Executive Summary
Zeustra Healthcare Real Estate Advisors presents an exclusive opportunity to acquire a single-tenant medical office complex located at 1855 SpringHill Ave, Mobile, AL 36607. This 11,407-square-foot property features a 3-year lease personally guaranteed by the physicians of Cardio-Thoracic & Vascular Surgical Associates, P.C., with 2% annual rent increases, ensuring consistent growth in rental income.
The property is situated in the heart of Mobile and is leased to Infirmary Health, one of Alabama’s largest healthcare systems. With over 45 years of service, the tenant group performs over 2,000 major procedures annually, demonstrating their stability and commitment. The surrounding area, with a population exceeding 190,000 residents within a 5-mile radius, provides a strong patient base.
This prime location, combined with a secure lease backed by leading healthcare providers, ensures long-term stability and growth potential, making this property an ideal addition to any real estate portfolio.
The property is situated in the heart of Mobile and is leased to Infirmary Health, one of Alabama’s largest healthcare systems. With over 45 years of service, the tenant group performs over 2,000 major procedures annually, demonstrating their stability and commitment. The surrounding area, with a population exceeding 190,000 residents within a 5-mile radius, provides a strong patient base.
This prime location, combined with a secure lease backed by leading healthcare providers, ensures long-term stability and growth potential, making this property an ideal addition to any real estate portfolio.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,407 SF
Building Class
B
Year Built
1975
Price
$1,550,000
Price Per SF
$136
Cap Rate
9.42%
NOI
$146,010
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,704 SF
Slab To Slab
10’
Building FAR
0.42
Land Acres
0.63 AC
Parking
55 Spaces (4.82 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
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PROPERTY TAXES
| Parcel Number | 29-07-24-0-001-171 | Improvements Assessment | $130,820 |
| Land Assessment | $27,400 | Total Assessment | $158,220 |
PROPERTY TAXES
Parcel Number
29-07-24-0-001-171
Land Assessment
$27,400
Improvements Assessment
$130,820
Total Assessment
$158,220
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Ryan Lupo -
Nick Myers -
Zeustra Real Estate Investment Services
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1855 Spring Hill Ave
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