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Hoover Medical Plaza 2010 Patton Chapel Rd

18,002 SF 100% Leased Office Building Birmingham, AL 35216 $3,700,000 ($206/SF) 6.60% Cap Rate

Investment Highlights

  • Professional Multi-Tenant Office Building
  • Grade level parking/access to both levels
  • Easy access to I-65, U.S. Hwy 31 and I-459
  • Located along the busy U.S. Highway 31 corridor
  • 15 minutes from CBD & major hospital
  • Generous parking

Executive Summary

Professional Multi-Tenant Office Building Available! The building is situated in the suburban sub-market of Hoover, Alabama along the busy U.S. Highway 31 corridor. The building offers maximum flexibility in its use and accommodates a wide variety of tenant applications.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
18,002 SF
Building Class
B
Year Built
1987
Price
$3,700,000
Price Per SF
$206
Cap Rate
6.60%
NOI
$244,200
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,001 SF
Slab To Slab
10’
Building FAR
0.30
Lot Size
1.40 AC
Zoning
C1
Parking
69 Spaces (3.83 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
39-00-12-3-001-006.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$489,480
  • Listing ID: 33584621

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 2010 Patton Chapel Rd, Birmingham, AL 35216

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