Sivirt Building 200 Beacon Pky W 51,258 SF 97% Leased Office Building Birmingham, AL 35209 $3,100,000 ($60.48/SF) 10.95% Cap Rate
INVESTMENT HIGHLIGHTS
- 42,000-square-foot Class B office building in Birmingham's desirable Homewood submarket offering a clear opportunity for discerning investors.
- Interior consists of smaller private offices and larger company suites, many with large floor-to-ceiling windows that let in abundant natural light.
- Off Valley Avenue and Green Springs Highway, the property provides seamless connections to Interstate 65, Downtown Birmingham, and local amenities.
- Upgraded common areas feature new LED lighting, quartz countertops, and a newly installed elevator, enhancing the overall office experience.
- 6,000-square-foot training facility and warehouse adjacent to the main building expands the potential uses of this versatile property.
- With high occupancy rates, 200 Beacon Parkway W ensures steadfast, long-term profitability in a vibrant suburban market.
EXECUTIVE SUMMARY
Tenants enjoy modernized common areas featuring new LED lighting, quartz countertops, updated carpeting, bathroom fixtures, and a newly installed elevator. Amenities include two shared kitchen/break rooms, vending machines, a new fire detection system, a security and new camera system, ample parking, and inviting outdoor seating. Investors will benefit from the building's mechanical conveniences, including a recent building chiller package and AHU blowers. The property's current configuration offers small private offices to more considerable multi-room suites, many with large floor-to-ceiling windows. Additionally, a 6,000-square-foot training facility and warehouse next to the main building add to the property's allure, providing a convenient space for various uses.
Just off the intersection of Valley Avenue and Green Springs Highway, 200 Beacon Parkway W provides swift connections to Interstate 65, placing Downtown Birmingham and the University of Alabama at Birmingham Hospital and campus minutes away. With nearby retailers and restaurants such as Full Moon Bar-B-Que, Walgreens, and Regions Bank, along with access to recreational spots like Red Mountain Park, this location is ideal for business. Birmingham-Shuttlesworth International Airport (BHM) is less than 20 minutes away, providing convenient access for professionals requiring travel logistics.
200 Beacon Parkway W offers high occupancy rates, ensuring stable, immediate returns with minimal need to fill vacancies. This property is an attractive investment opportunity for those seeking reliable, long-term profitability in an attractive suburban market. The seller is offering a competitive incentive of a 3% commission to the buyer's agent, encouraging collaboration and ensuring a smooth transaction for all parties involved.
PROPERTY FACTS
AMENITIES
- Property Manager on Site
- Security System
- Signage
- Kitchen
- Storage Space
- Central Heating
- Natural Light
- Partitioned Offices
- Reception
- Secure Storage
- Drop Ceiling
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Windows. New flooring. New paint. Large open Corner space
window! New Paint! New Flooring! Shared Conference room available! Breakroom and Kitchen with vending machines.
Windows! New Carpet! Private area with only 7 offices and 3 other tenants! Prime building location! Large kitchen / break room with vending machines!
Located in a prime area just off the main lobby and break room, this private space features new carpet and fresh paint, and is part of a quiet setting with only seven offices and two other tenants.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 107c | 900 SF | Office | - | Now |
| 1st Fl-Ste 107d | 150 SF | Office | - | Now |
| 1st Fl-Ste 109-2 | 200 SF | Office | - | Now |
| 1st Fl-Ste 109-5 | 215 SF | Office/Retail | Full Build-Out | Now |
1st Fl-Ste 107c
| Size |
| 900 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 107d
| Size |
| 150 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 109-2
| Size |
| 200 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 109-5
| Size |
| 215 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
ABOUT VULCAN/OXMOOR
This area of Birmingham sits just south of downtown. Strong highway access via interstate 65 and Lakeshore Parkway connects the area with many affluent suburbs across Birmingham. This neighborhood is also home to several shopping and dining destinations. Additionally, a number of hotels are in the immediate vicinity, allowing companies to easily cater to visiting guests.
While there is not a dominant industry located here, many financial and insurance companies lease space here. Some of the largest tenants include State Farm, Wells Fargo, and BBVA Compass. The office market caters to firms concerned with affordable asking rents and strong access to a high-quality labor pool. Neighborhoods such as Mountain Brook, Homewood, and Vestavia Hills have some of the highest percentages of college graduates in Birmingham, and these places are all just a short drive away.
Most of the inventory here is clustered around Interstate 65. Office parks largely consist of 1980s-era buildings surrounded by plenty of parking and green spaces. Despite transit advantages and strong access to an educated workforce, office assets here generally trade at lower prices compared to other suburban office nodes across Birmingham.
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Wendy's | - | - | 4 min walk |
| Full Moon BBQ | Barbecue | $$ | 5 min walk |
| El Sol Restaurant | Mexican | $ | 5 min walk |
| SONIC | Fast Food | - | 6 min walk |
| Waffle House | - | - | 7 min walk |
| Sneaky Pete's Hotdogs | Hot Dogs | $ | 11 min walk |
RETAIL |
||
|---|---|---|
| Walgreens | Drug Store | 7 min walk |
| Regions Bank | Bank | 9 min walk |
| Direct Auto Insurance | Insurance | 11 min walk |
| T-Mobile | Wireless Communications | 11 min walk |
| Office Depot | Office Supply | 12 min walk |
| Walmart Neighborhood Market | Supermarket | 13 min walk |
HOTELS |
|
|---|---|
| Curio Collection by Hilton |
129 rooms
6 min drive
|
| Hilton Garden Inn |
100 rooms
7 min drive
|
| aloft Hotel |
111 rooms
7 min drive
|
| Hampton by Hilton |
129 rooms
8 min drive
|
| Hilton |
295 rooms
8 min drive
|
| Four Points by Sheraton |
108 rooms
7 min drive
|
PROPERTY TAXES
| Parcel Number | 29-00-14-2-001-009.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $485,320 |
