2119 Westmead Dr SW
22,000 SF 100% Leased Office Building Decatur, AL 35603 $2,250,000 ($102/SF) 7.50% Cap Rate
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EXECUTIVE SUMMARY
Gateway is excited to present this fantastic offering which consists of an approximately 1.6 acre property with a +/- 22,000 SF office complex, located at 2119 Westmead Dr, just off Beltline Rd in Decatur. It is an office/retail facility zoned M-1A. This prime location offers excellent accessibility and visibility, making it an ideal choice for businesses seeking to establish a presence in Decatur. Its close proximity to Beltline Rd ensures convenience, enhancing its appeal for a variety of office and retail operations.
It is worth noting that the property is centrally located with quick access to Decatur, Athens, Madison, and Huntsville. All written offers will be presented for consideration. Financials available upon request.
It is worth noting that the property is centrally located with quick access to Decatur, Athens, Madison, and Huntsville. All written offers will be presented for consideration. Financials available upon request.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
22,000 SF
Building Class
B
Year Built
1979
Price
$2,250,000
Price Per SF
$102
Cap Rate
7.50%
NOI
$168,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
22,000 SF
Building FAR
0.31
Lot Size
1.65 AC
Zoning
M1-A - Industrial
Parking
126 Spaces (0.45 Spaces per 1,000 SF Leased)
AMENITIES
- Fully Carpeted
- Natural Light
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PROPERTY TAXES
Parcel Number | 02-07-26-4-002-003.002 | Improvements Assessment | $85,180 |
Land Assessment | $43,200 | Total Assessment | $128,380 |