Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Loan Service Bank
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Marketing & Advertising Printing Service
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Physician
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Postal Service Courier Service
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Hardware & Home Improvement
Location
Value estimations
Owner & transaction history
Zoning & alternative use
3. Planned Manufacturing (I-3) District. The planned manufacturing district is designed to allow for the orderly arrangement of high quality manufacturing development designed for maximum compatibility internally and wit…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
I3 · Birmingham, AL3. Planned Manufacturing (I-3) District. The planned manufacturing district is designed to allow for the orderly arrangement of high quality manufacturing development designed for maximum compatibility internally and wit…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
3. Planned Manufacturing (I-3) District. The planned manufacturing district is designed to allow for the orderly arrangement of high quality manufacturing development designed for maximum compatibility internally and wit…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I3 in Birmingham, AL.
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