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Office

Mobile Office Park

3929 Airport Blvd, Mobile, AL 36608

Listing Price: $7,034,000

Cap Rate
9.51%
Gross SF
105,766
Rentable SF
105,766
Price/Gross SF
$66.51
Lot Size
5.31 acres
Year Built
1965

Investment Overview

With an excellent rent roll and diverse tenant mix, The Mobile Office Park is an outstanding investment opportunity for investors seeking a deal containing value upside in under market rents as well as 25% vacancy upside. Across numerous long-standing tenants, recently executed new leases, the park shows consistent interest and activity from businesses around the Mobile market. The park currently operates at rates that are well below the market standard for office space in the area, providing a new owner value to be added day one.

Investment Highlights

  • Large Vacancy Upside
  • 75% Occupancy
  • Diverse Tenant Mix

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Office

Mobile Office Park

Listing Price: $7,034,000

Cap Rate
9.51%
Gross SF
105,766
Rentable SF
105,766
Price/Gross SF
$66.51
Lot Size
5.31 acres
Year Built
1965

Investment Highlights

  • Large Vacancy Upside
  • 75% Occupancy
  • Diverse Tenant Mix

Investment Overview

With an excellent rent roll and diverse tenant mix, The Mobile Office Park is an outstanding investment opportunity for investors seeking a deal containing value upside in under market rents as well as 25% vacancy upside. Across numerous long-standing tenants, recently executed new leases, the park shows consistent interest and activity from businesses around the Mobile market. The park currently operates at rates that are well below the market standard for office space in the area, providing a new owner value to be added day one.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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