1550 Pumphrey Ave Auburn, AL 36832-4302
- Office buildings
- 9,486 SF
- 1.44 lot acres
Current Use by Public Records
- PA-Logic Solutions, LLC / Software Company / Health Consultant
Property Details for 1550 Pumphrey Ave
- Year built
- 1974
- Construction
- CONCRETE
- Lot size
- 1.44 lot acres
- Property size
- 9,486 SF
- Property type
- Office buildings
- APN
- 08-07-26-0-000-015-000
- APU
- 807260000015000
Description
This exceptional investment opportunity presents two Class B creative office buildings totaling 17,886 square feet, situated on a combined 3.05 acres in Auburn, Alabama's Auburn Industrial Park. Currently 100% occupied by a credit-rated single tenant under a modified lease with 4.5 years remaining on a 7-year term, featuring 2.5% annual rent bumps and one renewal option. The property boasts a strong net operating income (NOI) of $294,957, yielding an 8.31% cap rate at the asking price of $3,550,000 ($198.48/SF). Recent renovations exceeding $1,000,000 include new acoustical ceilings, LED lighting, HVAC systems, flooring, and a resurfaced parking lot (9.1 spaces per 1,000 sq ft). The strategic location, less than 3 miles from Auburn University and near major highways (Hwy 280 and I-85), provides excellent access and benefits from the presence of 37 national and international corporations in the park, including a newly opened, large data center. The Auburn Industrial Park boasts 0% vacancy within a 2-mile radius, and the submarket is projected to experience 11.1% growth over the next five years. This offering provides a secure, high-return investment in a thriving location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $225,000
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Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- Lee
- State
- Alabama
- Longitude
- -85.5118
- Latitude
- 32.6032
- CBSA code
- 12220
- CBSA name
- AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA
