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Office Investment/Owner Occupant

200 Beacon Parkway West,
Birmingham, AL 35209

$2,400,000
  • 43,000 SF + 6,000 SF Warehouse Office Investment Purchase Opportunity Birmingham, AL

Property Information

The Trivis Property is an excellent office and industrial investment opportunity offering a 11.19% cap rate. The property consists of the Trivis Building- a 43,000-square-foot, Class B office building as well as a separate 6,000-square-foot warehouse on approximately 3.53 acres. The current occupancy of the main 43,000-square-foot office building is 75% including the State of Alabama Government Offices and a mix of local companies. The 6,000-square-foot warehouse is fully leased. Located on Beacon Parkway West, just off of the intersection of Valley Avenue and Green Springs Highway, the property has easy access to I-65, Montgomery Highway, and Highway 280.

Executive Summary:

  • Parcel Number: 29-00-14-2-001-009.000
  • Total GLA: 43,000 SF (Main Building) + 6,000 SF (Warehouse)
  • Total Acreage: 3.53± AC
  • Year Built: 1973
  • Year Renovated: 2010 & 2016
  • Current Total Occupancy: 78%
  • Current NOI: $268,772.85
  • Cap Rate: 11.19%

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Michael Flynn

Contact:

Michael Flynn
mflynn@southpace.com
205-271-7219