Leased Office
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For Sale
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1082 Village Square Drive, Andalusia, AL 36420
Occupied by a state rehabilitation agency under a long-term net lease near a regional hospital.
Property Size11,640 SF
Price / SF$199.06
Days on Market7
Property Features for 1082 Village Square Drive
General Information
Standard status
Active
Size
11,640 SF
Property subtype
Office
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$162,193
Building Details
Year Built
2003
Buildings
1
Stories
1
Tenancy
Single
Building Size
11,640 SF
Listing Agency:
Leitman-Perlman, Inc
(205) 803-3000
Listed By:
Marc Perlman · License #AL 000047562
Source:
Crexi
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 31 at 9:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Leitman-Perlman, Inc
Investment Insights
Based on property information with market context.
Built in 2003, this 11,640-square-foot office building is fully occupied by the State of Alabama Department of Rehabilitation. The property is subject to a long-term net lease that was recently renewed for 10 years, with the current term scheduled to end in June 2034.
The building is located at 1082 Village Square Drive in Andalusia, Alabama, next to Andalusia Health, identified as a regional hospital serving south Alabama. The combination of an established office facility, 100% occupancy, and an extended lease term provides a clearly defined operating profile for a prospective owner.
The building is located at 1082 Village Square Drive in Andalusia, Alabama, next to Andalusia Health, identified as a regional hospital serving south Alabama. The combination of an established office facility, 100% occupancy, and an extended lease term provides a clearly defined operating profile for a prospective owner.
Key Highlights
- 11,640‑square‑foot office building constructed in 2003
- 100% occupied by the State of Alabama Department of Rehabilitation
- Recently renewed 10‑year net lease expires in June 2034
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Explore this area
Business Placement
Demographics for 36420, AL
10,796
Population
5,147
Households
2.1
Avg Household Size
43
Median Age
25%
College-Educated
85%
High-School Grad
267.9 sq mi
ZIP Area
40
Density / Sq Mi
$50,126
Median Household Income
$36,374
Median Earnings
$659
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Occupied by a state rehabilitation agency under a long-term net lease near a regional hospital.
Where is this office building located?
The property is located at 1082 Village Square Drive Andalusia, AL.
What is the asking price?
The asking price for this property is $2,317,035.
What are key features of this property?
This property features: 11,640‑square‑foot office building constructed in 2003; 100% occupied by the State of Alabama Department of Rehabilitation; Recently renewed 10‑year net lease expires in June 2034
