1200 Corporate Dr, Unit 1200, Hoover, AL 35242-2941
- Office buildings
- 126,923 SF
- 7.19 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1200 Corporate Dr
- Year built
- 1987
- Lot size
- 7.19 lot acres
- Property type
- Office buildings
- APN
- 39310002019007
- APU
- 39310002019007
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 29, 2017 | $11,600,000 | Software Guys 20 LLC | Matrix Birmingham LLC | Warranty Deed | $13.5M · Iberiabank |
| Oct 9, 2015 | $35,962,500 | Matrix Birmingham LLC | Gccfc 2005-gg5 Corporate Parkway Ll | Special Warranty Deed | $35M · Rialto Mortgage Finance LLC |
| Apr 6, 2011 | — | Gccfc 2005-gg5 Corporate Pkwy | Owner Name Unavailable | Grant Deed · related | — |
| Jul 29, 2005 | — | Meadow Brook Office LLC | Meadow Brook North LLC | Quit Claim Deed · related | $48k · Greenwich Capital Fin'l INC |
Description
This exceptional Class A office building, Meadow Brook 1200, offers a variety of flexible spaces in Hoover, Alabama. Located at 1200 Corporate Drive, 35242, this property boasts a total of 128,142 square feet, with suites ranging from 2,205 to 7,114 square feet currently available. The minimum divisible space is 4,783 square feet, and the maximum contiguous space available is also 4,783 square feet. The building features a convenient 3.6 parking spaces per 1,000 square feet ratio. Situated in Jefferson County along Highway 280, this prime location provides easy access to Birmingham's most desirable amenities, including upscale golf courses, restaurants, retail centers, hotels, and medical facilities. Recent renovations have transformed the common areas, creating a modern and inviting atmosphere. These upgrades include new outdoor patio terraces, a Canteen micro-market for convenient grab-and-go options, a versatile multi-purpose training room, and a fully equipped fitness center complete with lockers and showers. This is a multi-tenant building offering traditional and executive office spaces. The property is ideally suited for businesses seeking a prestigious address and a convenient location within a thriving commercial corridor.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $15,954,000
- AI Estimate
- $15,954,000
Market price range: $16.0M - $27.5MMarket price range: $16.0M - $27.5M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $20,600,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $25,590,000 Change: +24% Conversion: Easy
- MEDICAL BUILDING
- $22,590,000 Change: +10% Conversion: Easy
- AUTO REPAIR, GARAGE
- $20,435,000 Change: -1% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $17,060,000 Change: -17% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Hoover
- County
- Shelby
- State
- Alabama
- Longitude
- -86.6815
- Latitude
- 33.4158
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
