Investment Overview

Marcus & Millichap is pleased to present the sale offering of two, 100% leased single-tenant office/flex buildings located in Auburn, AL. These assets total 17,886 square feet and sit on adjacent parcels totaling 3.05 acres. The tenant, PA Logic Solutions, a local prior authorization healthcare company, was acquired by BlueCross BlueShield of Alabama in 2021. The buildings have recently undergone extensive renovations with over $1,000,000 in upgrades, including new acoustical ceilings, LED lighting, new HVACs, flooring and a newly resurfaced parking lot. The properties reside less than 3 miles from Auburn University's campus within Auburn Industrial Park, with proximity to Hwy 280, and I-85, allowing further access to I-65. The park is occupied by 37 national and international corporations focused on manufacturing and technology. AUBix, a $120 million, 40,000 SF mission-critical data center recently opened across the street which will serve to drive growth in the immediate area and region for decades to come. This offering presents investors with the opportunity to acquire two, 100% leased, single-tenant assets well-positioned within a low vacancy sub-market with an estimated 5- year growth of 11.1%. At the current list price of $3,700,000, the investment generates a total net operating income of $296,014 with 2.5% increases and 4.5 years remaining on the original 7-year MG lease.