301 Voyager NW Way Huntsville, AL 35806-3201
This exceptional investment opportunity presents a portfolio of six Class A office buildings totaling 1,037,513 square feet, boasting a remarkable 95% occupancy rate. Strategically located in Huntsville, Alabama's thriving Cummings Research Park and vibrant downtown core, the portfolio generates a substantial net operating income (NOI) of $9,239,061. The portfolio benefits from a diverse tenant base, anchored by a major, credit-rated corporation that occupies 40% of the space and has a long-term lease history. This anchor tenant's presence ensures stable cash flow and provides a strong foundation for future growth. Significant leasing upside potential exists, with over $800,000 in potential additional NOI. The portfolio's prime location within Cummings Research Park, the second-largest research park in the U.S., and the proximity to Downtown Huntsville's expanding amenities, ensures consistent demand and strong rental growth. An attractive assumable loan with a 3.41% interest rate and a maturity date in August 2031 further enhances the investment's appeal. The portfolio's institutional-quality assets, long-term tenant occupancy (average 8.6 years), and the robust Huntsville economy, fueled by significant federal funding and private sector growth, make this a compelling investment opportunity with substantial upside potential. The property is subject to a ground lease expiring in November 2106.
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Northrop Grumman Corporation Corporate Office Business Park
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.