2024 3rd Ave N
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2024 3rd Ave N
21,000 SF Office Building Birmingham, AL 35203 $5,634,443 CAD ($268 CAD/SF) 8.40% Cap Rate
Investment Highlights
- 8.4% cap rate
- Renovated in 2018
Executive Summary
21,000 square foot office building currently being operatedas executive office suites.
54 individual office suites are currently 88.4% occupied
Total annual rent at 88% occupancy is $397,800
Total annual expenses are $62,412
Actual NOI is $335,388
8.4% cap rate
Building was fully renovated in 2018
Renovation included all new HVAC systems, electrical wiring, plumbing, and fixtures
All 3 floors have common conference and break rooms
Excellent in location in Birmingham’s Central Business District
54 individual office suites are currently 88.4% occupied
Total annual rent at 88% occupancy is $397,800
Total annual expenses are $62,412
Actual NOI is $335,388
8.4% cap rate
Building was fully renovated in 2018
Renovation included all new HVAC systems, electrical wiring, plumbing, and fixtures
All 3 floors have common conference and break rooms
Excellent in location in Birmingham’s Central Business District
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
21,000 SF
Building Class
B
Year Built/Renovated
1904/2017
Price
$5,634,443 CAD
Price Per SF
$268 CAD
Cap Rate
8.40%
NOI
$473,293 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
7,000 SF
Building FAR
3.00
Land Acres
0.16 AC
Opportunity Zone
Yes
Zoning
B4 - Commercial
Amenities
- 24 Hour Access
- Kitchen
- High Ceilings
- Natural Light
- Reception
- Air Conditioning
1 of 1
Walk Score ®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 22-00-36-2-011-018.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $298,137 CAD |
PROPERTY TAXES
Parcel Number
22-00-36-2-011-018.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$298,137 CAD
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2024 3rd Ave N
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