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Adtran East Tower 901 Explorer Blvd NW

668,741 SF 100% Leased Office Building Huntsville, AL 35806 For Sale

Investment Highlights

  • Medical Unit for Nurse Practitioner, Café, Fitness Center
  • 8 Elevator Banks
  • 16,023 SF Cafe
  • Badging Sytem, Contracted Security Service (24/7), and Off-duty HPD
  • 40 Restrooms
  • 931 Parking space on the northside, 841 parking spaces on the south side

Executive Summary

20 year absolute net sale-leaseback opportunity with ADTRAN, Inc.

Property Facts

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
668,741 SF
Building Class
A
Year Built
2000
NOI
$7,356,151
Percent Leased
100%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
83,593 SF
Building FAR
0.35
Lot Size
43.50 AC
Opportunity Zone
Yes
Zoning
CRP West Article 51 - Park's major industries are aerospace, defense, engineering, biotechnology, advanced manufacturing, software development, technology and cybersecurity
Parking
1,772 Spaces (2.65 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Controlled Access
  • Conferencing Facility
  • Courtyard
  • Fitness Center
  • Pond
  • Signage
  • Waterfront
  • Wheelchair Accessible
  • Reception
  • Central Heating
  • Natural Light
  • Recessed Lighting
  • Wi-Fi
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Adtran
  • -
  • 668,741 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Adtran - 668,741 SF - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 17-03-06-0-000-007.000
  • 14-09-31-0-000-045.000
  • 16-01-01-0-000-002.000
Land Assessment
$643,760
Improvements Assessment
$7,788,100
Total Assessment
$8,431,860
  • Listing ID: 33136749

  • Date on Market: 9/11/2024

  • Last Updated:

  • Address: 901 Explorer Blvd NW, Huntsville, AL 35806

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