Office space for sale in historic area of downtown Birmingham and located within a U.S. Department of Treasury designated Opportunity Zone.
Existing lease is below market according to our review of comparables. With the existing lease nearing its end, this presents an opportunity to effectively raise the effective cap rate in the near future by re-tenanting the property.
This space is inside a beautiful building that was originally constructed in 1924, and has cobblestone streets outside. Tenant improvements were made in 2016.
It is located near well-known national retailers and high traffic U.S. 280.
The area also has strong population counts and household incomes in the 5 mile radius!
This information (“OM”) is provided by 3 Properties LLC (“3P”), solely for your consideration of the opportunity to acquire the commercial property described herein (the “Property”). This information may be used only as stated herein and shall not be used for any other purpose, or in any other manner, without prior authorization or consent of 3P. This information does not constitute or pertain to an offer of a security or an offer of any investment contract. This information contains descriptive materials, financial information and other data compiled by 3P for the convenience of parties who may be interested in the Property. Such information may not all be inclusive and is not represented to include all information that may be material to an evaluation of the acquisition opportunity presented. 3P has not independently verified any of the information contained herein and makes no representations or warranties of any kind concerning the accuracy or completeness thereof. An interested party must conduct its own independent investigation and verification of any information the party deems material to consideration of the opportunity, or otherwise appropriate, without reliance upon 3P.