Stabilized Office Portfolio in
For Sale
Contact for pricing
Pending
500 Corporate Pkwy, Birmingham, AL 35242
Two-building office portfolio along Hwy-280 corridor, 93% leased.
Property Size265,032 SF
Days on Market201
Property Features for 500 Corporate Pkwy
General Information
Standard status
Pending
Size
265,032 SF
Class
A
Property subtype
Office
Occupancy
93%
Lease Type
Gross
Investment Type
Stabilized
Building Details
Year Built
1987
Year Renovated
2021
Buildings
2
Stories
6
Tenancy
Multi
Listing Agency:
JLL - Atlanta, Georgia
Listed By:
Richard Reid · License #313257
Source:
Crexi
Added: Feb 12
Changed: Aug 14
Last Checked: Aug 31 at 4:46AM
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 JLL - Atlanta, Georgia
Investment Insights
Based on property information with market context.
The offering features a stabilized two-building office portfolio located along the Hwy-280 corridor in Birmingham, Alabama. The properties, with a total area of 265,032 square feet, are 93% leased. Constructed in 1987 and 1988, the properties underwent extensive renovations after acquisition in 2017, including elevator modernizations and tenant experience upgrades. These renovations have positioned the properties as a top-tier product within the corridor. Over the past 5 years, more than 260,000 square feet of leases have been signed, reflecting significant demand. The location provides easy access and a healthy suburban amenity base. The area is experiencing growth along the I-280 corridor, further enhancing the location's appeal. The property offers an investment opportunity to acquire stable suburban office buildings with attractive annual cash returns and value creation potential due to proven leasing momentum in a growing secondary market.
Key Highlights
- Stabilized office portfolio with 93% occupancy and strong leasing performance.
- Top‑of‑market rents and outperformance compared to corridor peers.
- Extensive renovations completed in 2017, modernizing the properties.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 35242, AL
57,008
Population
25,247
Households
2.3
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
52.4 sq mi
ZIP Area
1,088
Density / Sq Mi
$116,053
Median Household Income
$59,731
Median Earnings
$1,430
Median Rent
$452,300
Median Home Value
Market
Vacancy Rate% for Office in Birmingham, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-building office portfolio along Hwy-280 corridor, 93% leased.
Where is this office building located?
The property is located at 500 Corporate Pkwy Birmingham, AL.
What are key features of this property?
This property features: Stabilized office portfolio with 93% occupancy and strong leasing performance.; Top‑of‑market rents and outperformance compared to corridor peers.; Extensive renovations completed in 2017, modernizing the properties.
