171 Town Ctr Dr Anniston, AL 36205-4102

This exceptional investment opportunity presents a two-building medical office and warehouse complex totaling 129,814 square feet situated on 16.32 acres in Anniston, Alabama. The property, built in 1976 with HVAC upgrades in 2008, features 16 units across two single-story buildings and currently houses seven tenants under a modified lease structure with a weighted average lease term of approximately 4.4 years. The complex boasts a 75% overall occupancy rate, with the medical building at approximately 63% and the warehouse at 87%. Significant upside potential exists due to below-market rents and opportunities for lease bumps. The property offers a pro-forma NOI of $678,251 and a pro-forma cap rate of 9.50%, with an asking price of $7,139,482 ($55/sq ft). Located in a high-traffic area off McClellan Boulevard (approximately 24,020 vehicles per day), the property benefits from its proximity to major retailers such as Lowe's, Walmart, and numerous restaurants, and is approximately six miles from the Northeast Alabama Regional Medical Center. Lease options are available, presenting further flexibility for potential investors. This Class B property is a value-add investment opportunity, offering the potential for significant returns through lease optimization and increased occupancy. The property is available for purchase as a whole or separately.