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Office Warehouse

6700 Oporto Madrid Blvd

6700 Oporto Madrid Blvd, Birmingham, AL 35212

Listing Price: $560,000

Cap Rate
8.05%
Gross SF
11,500
Price/Gross SF
$48.70
Lot Size
2.48 acres
Year Built
1963
Rentable SF
11,500

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire the property located at 6700 Oporto Madrid Blvd, a single-tenant office/industrial flex property located in Birmingham, Alabama. The 2.5 acre property is located less than one mile from Interstate 20 and three miles east of downtown Birmingham. The property consists of two buildings, totaling 11,500 SF with ample outdoor storage. Rents of $3.91/SF are significantly below market.

The Subject property comprises two buildings totaling 11,500 square feet (6,500 SF office, 5,500 Warehouse. Both buildings are 100% leased to IEC (Independent Electrical Contractors) of Central Alabama, a satelite of IEC which is a national trade association for merit shop electrical contractors. The facility trains electricians, plumbers, HVAC tradesman in individual classroom buildouts meant to simulate real world situations. The building has undergone significant buildout and upgrades totaling 500,000 over the last 10 years.

The purchase of this offering presents an investor with the opportunity to acquire a fully occupied flex asset, well-positioned right off the I-20 Atlanta coridor with below-market rents. At the current list price of $560,000, the investment generates an in-place NNN operating income of $45,102 with 3% annual increases.

Investment Highlights

  • Two (2) Buildings Total 11,500 With 6,500 SF Office and 5,000 SF Warehouse with 16' Clear Height
  • NNN Leases With Minimal Landlord Responsibilities and Annual Increases
  • -Below Market Rents Presents Opportunity for Upside at Lease Maturity
  • Situated on 2.5 Acres of Land with Ample Outdoor Storage Space and Room For Expansion

Exclusively Listed By

Office Warehouse

6700 Oporto Madrid Blvd

Listing Price: $560,000

Cap Rate
8.05%
Gross SF
11,500
Price/Gross SF
$48.70
Lot Size
2.48 acres
Year Built
1963
Rentable SF
11,500

Investment Highlights

  • Two (2) Buildings Total 11,500 With 6,500 SF Office and 5,000 SF Warehouse with 16' Clear Height
  • NNN Leases With Minimal Landlord Responsibilities and Annual Increases
  • -Below Market Rents Presents Opportunity for Upside at Lease Maturity
  • Situated on 2.5 Acres of Land with Ample Outdoor Storage Space and Room For Expansion

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire the property located at 6700 Oporto Madrid Blvd, a single-tenant office/industrial flex property located in Birmingham, Alabama. The 2.5 acre property is located less than one mile from Interstate 20 and three miles east of downtown Birmingham. The property consists of two buildings, totaling 11,500 SF with ample outdoor storage. Rents of $3.91/SF are significantly below market. The Subject property comprises two buildings totaling 11,500 square feet (6,500 SF office, 5,500 Warehouse. Both buildings are 100% leased to IEC (Independent Electrical Contractors) of Central Alabama, a satelite of IEC which is a national trade association for merit shop electrical contractors. The facility trains electricians, plumbers, HVAC tradesman in individual classroom buildouts meant to simulate real world situations. The building has undergone significant buildout and upgrades totaling 500,000 over the last 10 years. The purchase of this offering presents an investor with the opportunity to acquire a fully occupied flex asset, well-positioned right off the I-20 Atlanta coridor with below-market rents. At the current list price of $560,000, the investment generates an in-place NNN operating income of $45,102 with 3% annual increases.

Exclusively Listed By

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