Marble City Town Center | 600-620 W Fort Williams St
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Marble City Town Center 600-620 W Fort Williams St
40,525 SF 79% Leased Retail Building Sylacauga, AL 35150 $2,375,000 ($59/SF) 8.98% Cap Rate
Investment Highlights
- A 40,525 Square Foot Center Anchored by Bargain Hunt.
- Value-Add Opportunity, 11% Proforma Cap leasing up vacant 8,334 SF unit
- Priced Well Below Replacement Cost at $66 Per Square Foot.
- Renovated in 2018 with New Roof, New Electrical, New Plumbing, and Parking Lot Overlay.
- +/- 2,600 SF concrete pad available for future expansion with drive thru potential
Executive Summary
As the exclusive representative for the seller, Marcus & Millichap is pleased to present the opportunity to purchase Marble City
Towne Center located at 620 W Fort Williams Street in Sylacauga, Alabama. Originally constructed in 1979, the shopping center was fully renovated in 2018 and spans 40,525 square feet. Renovations at the property included a new roof, new electrical, new plumbing, and a parking lot overlay. Professionally maintained by current ownership, the building is great condition and should only require minor maintenance in the foreseeable future. With all leases gross in nature, the center is currently 79 percent occupied by Bargain Hunt, Credit Central, and Coosa Valley HomeCare with each tenant has an option to renew their respective leases. The remaining space, which is 8,334 square feet, has not been built out and does not have a store front. Building and leasing out the remaining space provides a value-add opportunity to the investment.
Towne Center located at 620 W Fort Williams Street in Sylacauga, Alabama. Originally constructed in 1979, the shopping center was fully renovated in 2018 and spans 40,525 square feet. Renovations at the property included a new roof, new electrical, new plumbing, and a parking lot overlay. Professionally maintained by current ownership, the building is great condition and should only require minor maintenance in the foreseeable future. With all leases gross in nature, the center is currently 79 percent occupied by Bargain Hunt, Credit Central, and Coosa Valley HomeCare with each tenant has an option to renew their respective leases. The remaining space, which is 8,334 square feet, has not been built out and does not have a store front. Building and leasing out the remaining space provides a value-add opportunity to the investment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
40,525 SF
Building Class
C
Year Built/Renovated
1979/2018
Price
$2,375,000
Price Per SF
$59
Cap Rate
8.98%
NOI
$213,373
Percent Leased
79%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.18
Lot Size
5.23 AC
Zoning
B2 - Business Commercial
Parking
175 Spaces (4.32 Spaces per 1,000 SF Leased)
Frontage
222 FT on West Fort Williams Street
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Owner is willing to subdivide.
| Space | Size | Space Use | Position | Available |
| C | 7,618 SF | Retail | End Cap | Now |
C
| Size |
| 7,618 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
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C
| Size | 7,618 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Owner is willing to subdivide.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 27-09-30-4-022-001.000 | Improvements Assessment | $152,280 |
| Land Assessment | $110,140 | Total Assessment | $262,420 |
PROPERTY TAXES
Parcel Number
27-09-30-4-022-001.000
Land Assessment
$110,140
Improvements Assessment
$152,280
Total Assessment
$262,420
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Marble City Town Center | 600-620 W Fort Williams St
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