2349 Danville Rd Sw Decatur, AL 35603

Listing Agency: Marcus & Millichap - Birmingham k***@lee-associates.com Show Phone

Listed By: Eddie Greenhalgh · License #AL 0000882980

Source: Crexi

Added: Jul 21 Changed: Jul 23 Last Checked: Jul 23 at 8:47AM

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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.

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

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FAQs

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%