601 S 7th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
601 S 7th St
2,776 SF Office Building Opelika, AL 36801 $808,680 CAD ($291 CAD/SF) 8.77% Cap Rate
Investment Highlights
- Convenient location to the interstate and downtown areas of Opelika
- Long term tenant in place
- Recently updated facility
- Increasing rental rate
Executive Summary
Prime investment opportunity in an established area. Long-term lease in place with Class A tenant! NNN lease in place makes this investment a breeze. This property is newly renovated and is Turn-key. Located just minutes from Opelika's bustling downtown restaurants and shopping, as well as easy access to the interstate. This location is the perfect blend for a highly sought-after rental property.
Financial Summary (Actual - 2022) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$63,288
|
$22.80
|
| Other Income |
$6,498
|
$2.34
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$69,786
|
$25.14
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $63,288 |
| Annual Per SF | $22.80 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,498 |
| Annual Per SF | $2.34 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $69,786 |
| Annual Per SF | $25.14 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Building Size
2,776 SF
Building Class
B
Year Built
1945
Price
$808,680 CAD
Price Per SF
$291 CAD
Cap Rate
8.77%
NOI
$70,906 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,776 SF
Building FAR
0.10
Land Acres
0.62 AC
Zoning
C2 - Commercial
Parking
20 Spaces (7.2 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Kitchen
- Basement
1 of 1
-
Justin Rivers -
Prime Real Estate Group
1 of 21
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
601 S 7th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.