Multi-Tenant Medical Office
For Sale
Contact for pricing
Pending
2349 Danville Rd Sw, Decatur, AL 35603
Three-building, multi-tenant medical office building with a healthcare anchor tenant and low current vacancy.
Property Size36,000 SF
Days on Market11
Property Features for 2349 Danville Rd Sw
General Information
Standard status
Pending
Size
36,000 SF
Property subtype
Office
Occupancy
94%
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Birmingham
(919) 710-6400
Listed By:
Eddie Greenhalgh · License #AL 0000882980
Source:
Crexi
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 30 at 12:22PM
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 Marcus & Millichap - Birmingham
Investment Insights
Based on property information with market context.
This three-building, multi-tenant medical office building (MOB) totals approximately 36,000 square feet and is presented with a healthcare anchor tenant. The anchor is Huntsville Hospital Health System (dba Decatur Morgan Hospital), which occupies 70% of the building’s rentable area, leaving approximately 6% vacancy currently.
The Huntsville Hospital Health System is described as the municipal health care authority and entered into a 40-year lease agreement with Decatur Morgan Hospital in 2012, consolidating all of the county’s healthcare locations throughout the region.
According to the provided remarks, the Huntsville Hospital Health System holds an A1 LT credit rating by Moody’s (2017), with a stable outlook attributed to expected continued financial performance and routine capital funding through cash flow.
The Huntsville Hospital Health System is described as the municipal health care authority and entered into a 40-year lease agreement with Decatur Morgan Hospital in 2012, consolidating all of the county’s healthcare locations throughout the region.
According to the provided remarks, the Huntsville Hospital Health System holds an A1 LT credit rating by Moody’s (2017), with a stable outlook attributed to expected continued financial performance and routine capital funding through cash flow.
Key Highlights
- 36,000 SF, three‑building, multi‑tenant medical office building (MOB) located outside Huntsville, AL
- Huntsville Hospital Health System (dba Decatur Morgan Hospital) is the anchor tenant, occupying about 60% of RBA
- Low current vacancy of 6%
Property Analytics
Current Use
Lease Details
94%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Explore this area
Business Placement
Demographics for 35603, AL
32,380
Population
14,509
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
71.0 sq mi
ZIP Area
456
Density / Sq Mi
$78,237
Median Household Income
$47,458
Median Earnings
$857
Median Rent
$235,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Three-building, multi-tenant medical office building with a healthcare anchor tenant and low current vacancy.
Where is this medical center located?
The property is located at 2349 Danville Rd Sw Decatur, AL.
What are key features of this property?
This property features: 36,000 SF, three‑building, multi‑tenant medical office building (MOB) located outside Huntsville, AL; Huntsville Hospital Health System (dba Decatur Morgan Hospital) is the anchor tenant, occupying about 60% of RBA; Low current vacancy of 6%
