432 St Lukes Dr Montgomery, AL 36117
- Office Properties & Spaces
- 7,856 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 432 St Lukes Dr
- Property size
- 7,856 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a portfolio of five Class B medical office buildings totaling 7,856 square feet, situated on a 29,970 square foot lot in Montgomery, Alabama. The portfolio is 100% occupied by a single, high-quality tenant, Clearway Pain Solutions, a leading pain management practice with 43 locations across the Eastern United States. The lease commenced April 1, 2018, with a remaining term of approximately 7.4 years, expiring March 31, 2032. The buildings, constructed in 1997 and 2000, are located in a thriving office park adjacent to Baptist East Hospital, providing excellent visibility and accessibility. The convenient location offers proximity to Interstate 85 and ample shopping options. Each building features sufficient parking. The asking price for this portfolio is $10,500,000, translating to a price per square foot of $1,336.56. The property is zoned for commercial use and consists of single-story buildings. This represents a stable, high-yield investment opportunity in a desirable medical corridor. The buildings are well-maintained and benefit from a strong, long-term tenant with a proven track record. This is a rare opportunity to acquire a fully occupied, medical office portfolio with significant remaining lease term in a prime Montgomery location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.1713
- Latitude
- 32.3786
