A+ Credit Single Tenant Investment Property | 3891 Klein Rd
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A+ Credit Single Tenant Investment Property 3891 Klein Rd
5,371 SF Office Building Harpersville, AL 35078 $375,000 ($70/SF) 9.92% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent Condition
- High Cap Rate
- A+ Tenant
EXECUTIVE SUMMARY
Outstanding high quality single tenant investment property under long term lease to Manulife Investment Management Forest Management, Inc. formerly Hancock Natural Resource Group. (http:.//www.maulifeim.com)
¨ Manulife has a long term commitment to this location which serves as a field office to manage its forests located throughout Alabama region.
¨Gross Rent: $42,737 per year
¨ Annual CPI Rent Increases
¨Property Taxes: $3,546 per year.
¨2024 NOI: (Est. $37,200)
¨Cap rate: (Est. 9.4%)
¨Landlord pays taxes, insurance, roof, repairs.
¨Lease Expires February 2025
¨ Lease Renewal subject to mutual agreement
5,371 +,- SF Building
¨ 4 +,- Acres.
¨Secure Fenced and Gated Property.
¨ Meticulously maintained condition.
¨Built 1971.
¨ Low Maintenance.
¨ Metal Roof in Like New Condition
¨ Abundant paved parking.
¨ Fully Leased
¨ Fee Simple Ownership
¨ Price to sell at $375,000
¨ Ideal location with easy access to U.S. 280, Highway 25, Highway 231, I-65, I-459 and I-20.
¨ Call for Details.
¨ Manulife has a long term commitment to this location which serves as a field office to manage its forests located throughout Alabama region.
¨Gross Rent: $42,737 per year
¨ Annual CPI Rent Increases
¨Property Taxes: $3,546 per year.
¨2024 NOI: (Est. $37,200)
¨Cap rate: (Est. 9.4%)
¨Landlord pays taxes, insurance, roof, repairs.
¨Lease Expires February 2025
¨ Lease Renewal subject to mutual agreement
5,371 +,- SF Building
¨ 4 +,- Acres.
¨Secure Fenced and Gated Property.
¨ Meticulously maintained condition.
¨Built 1971.
¨ Low Maintenance.
¨ Metal Roof in Like New Condition
¨ Abundant paved parking.
¨ Fully Leased
¨ Fee Simple Ownership
¨ Price to sell at $375,000
¨ Ideal location with easy access to U.S. 280, Highway 25, Highway 231, I-65, I-459 and I-20.
¨ Call for Details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
5,371 SF
Building Class
C
Year Built/Renovated
1971/2023
Price
$375,000
Price Per SF
$70
Cap Rate
9.92%
NOI
$37,200
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,371 SF
Building FAR
0.03
Lot Size
4.53 AC
Zoning
Agricultural - Agricultural
Parking
30 Spaces (5.59 Spaces per 1,000 SF Leased)
AMENITIES
- Fenced Lot
- Wheelchair Accessible
- Central Heating
- Secure Storage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 17-1-12-0-000-007-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $83,080 |
PROPERTY TAXES
Parcel Number
17-1-12-0-000-007-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$83,080
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A+ Credit Single Tenant Investment Property | 3891 Klein Rd
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