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3504 Vann Road - Trussville Office Park, Trussville, AL

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3504 Vann Road - Trussville Office Park

Trussville, AL 35235-3221 - Trussville Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1999
Stories:1 Typical Floor:7,500 SF Building Size:7,500 SF
For Sale Price:$1,175,000 Price/SF:$156.67
Cap Rate:8.50 %
Portfolio:This property is for sale (for $6,950,000) as part of a portfolio of 7 properties. Parking:Free Surface spaces are available; Ratio of 4.1/1,000 SF



Sale Notes:
Below replacement cost! In place occupancy 93%. Stabilized rents will arrive at $19.00 psf annum over time, as temporary rates were given during the recession to some Tenants. In place NOI is currently $516,000

Seven each, single story Class A office buildings in a quiet business park setting in the growing suburb of Birmingham called "Trussville". No full service office competition in the area like Trussville Office Park.


Ponder Properties Commercial Real Estate
Glenn Ponder
(205) 408-9911 x2

Terry Ponder
(205) 408-9911 x1




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