Available For Sale - Office

15,000 SF | Show Pricing $

LISTED BY

Joe Duckworth Jr.
KW - Joe Duckworth - Tuscaloosa, 205-394-3345

AVAILABILITY DETAILS

Size
15,000 SF
Price/SF
Show Pricing $
Listing ID
SA532041
Notes
Rare Income Producing Opportunity in Downtown Tuscaloosa, AL. Built in 2015, this 15,000 SF is presently leased by Alabama Department of Revenue @ 13.25 PSF. Lease will be extended through April 2035 at @ $18.96 PSF for April 2025- April 2030, and $19.36 PSF for Apri 2030- April 2035. Owner is responsible for Property Taxes (24,000), Insurance ($4,500) Water (@ $3,000), Lanscaping ($1,560), and Elevator Maintenance ($2,400). NOI will become $248,940 for years 1-5 and $254,940 for years 6-10. Tenant will have (2) Five year options to extend after 2035. **Owner is very willing to negotiate a way to structure a deal until the rent bump kicks in in 2025.**
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Joe Duckworth Jr., KW - Joe Duckworth - Tuscaloosa
BRE# 000067612-0