2021 Boll Weevil Cir
10,706 SF Office Building Enterprise, AL 36330 $1,059,000 ($99/SF) 8.50% Cap Rate
EXECUTIVE SUMMARY
Alabama Career Center, leased by the state of AL, has been at this location since 1995. Tenant has typically renewed every 5 years since original lease was signed. Current lease extension renewed from June 21 - May 2026 with gross income of $8750 per month. Tenant is responsible for utilities, janitorial and landscaping. Owner is responsible for maintenance, taxes and insurance. ***Current owner is out of state, so local ownership should be able to lower operating expenses***
Additional Locations can be found at https://adol.alabama.gov/career-centers/
Additional Locations can be found at https://adol.alabama.gov/career-centers/
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$105,000
|
$10.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$105,000
|
$10.00
|
| Taxes |
$6,746
|
$0.64
|
| Operating Expenses |
$7,907
|
$0.75
|
| Total Expenses |
$14,653
|
$1.40
|
| Net Operating Income |
$90,347
|
$8.60
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
10,706 SF
Building Class
B
Year Built
1995
Price
$1,059,000
Price Per SF
$99
Cap Rate
8.50%
NOI
$90,015
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,706 SF
Building FAR
0.08
Lot Size
3.08 AC
Zoning
B-3 - B-3
Parking
90 Spaces (8.41 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Kitchen
- Central Heating
- Open-Plan
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $154,380 | |
| Land Assessment | $0 | Annual Taxes | $6,746 ($0.63/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
