201 London Pkwy Birmingham, AL 35211-6304
- Office properties & Spaces
- 62,858 SF
- 6.15 lot acres
Nov 14, 2024
Current Use by Public Records
- Hard Money Lenders Birmingham AL / Loan Service / Bank
- Oce Wide Format Printing Systems / Marketing & Advertising / Printing Service
- Beathard Gerald A MD / Physician
- FedEx Drop Box / Postal Service / Courier Service
- Two Maids / Hardware & Home Improvement
Property Details for 201 London Pkwy
- Year built
- 2000
- Lot size
- 6.15 lot acres
- Property size
- 62,858 SF
- Zone code
- I3
- Property type
- Office properties & Spaces
- APN
- 29-00-28-3-000-001.005
- APU
- 2900283000001005
Description
This exceptional Birmingham, Alabama office building, located at 201 London Parkway, offers 56,684 square feet of rentable space on approximately 6.11 acres. Currently 100% leased to six tenants, including a significant anchor tenant, the State of Alabama (occupying 16,704 square feet), this property boasts a substantial and contracted cash flow. The building features a superior location with tremendous access and proximity to amenities, making it a highly desirable investment. Over $500,000 in capital improvements have been invested in the past five years, ensuring the property is impeccably maintained and offers an exceptional tenant environment. The property benefits from a tight, supply-constrained market, further enhancing its investment potential. Priced at $8,900,000, this mostly triple net leased office/flex building presents a unique opportunity to acquire a premier asset in a prime location. The building's strong tenant base and consistent cash flow make it an attractive investment for discerning buyers. This is a rare opportunity to acquire a high-quality, fully occupied office building in a desirable market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $12,165,000
- 6.5%
- $11,225,000
- 7%
- $10,425,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $11,910,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $12,675,000 Change: +6% Conversion: Moderate
- MEDICAL BUILDING
- $11,190,000 Change: -6% Conversion: Easy
- OFFICE BUILDING
- $10,510,000 Change: -12% Conversion: Easy
- AUTO REPAIR, GARAGE
- $10,120,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8614
- Latitude
- 33.4396
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA