Adtran East Tower 901 Explorer Blvd NW 668,741 SF 100% Leased Office Building Huntsville, AL 35806 For Sale
INVESTMENT HIGHLIGHTS
- Medical Unit for Nurse Practitioner, Café, Fitness Center
- 8 Elevator Banks
- 16,023 SF Cafe
- Badging Sytem, Contracted Security Service (24/7), and Off-duty HPD
- 40 Restrooms
- 931 Parking space on the northside, 841 parking spaces on the south side
EXECUTIVE SUMMARY
20 year absolute net sale-leaseback opportunity with ADTRAN, Inc.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Building Size
668,741 SF
Building Class
A
Year Built
2000
NOI
$10,525,990 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
83,593 SF
Building FAR
0.35
Lot Size
43.50 AC
Opportunity Zone
Yes
Zoning
CRP West Article 51 - Park's major industries are aerospace, defense, engineering, biotechnology, advanced manufacturing, software development, technology and cybersecurity
Parking
1,772 Spaces (2.65 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Courtyard
- Fitness Center
- Pond
- Signage
- Waterfront
- Wheelchair Accessible
- Reception
- Central Heating
- Natural Light
- Recessed Lighting
- Wi-Fi
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Adtran
- -
- 668,741 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Adtran | - | 668,741 SF | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $11,152,715 CAD | |
| Land Assessment | $921,877 CAD | Total Assessment | $12,074,592 CAD |
