100 Medical Center Dr - Medical FOR SALE


Gadsden, AL 35903
$3,250,000 USD
205-706-0676
100 Medical Center Dr, Gadsden, AL for Sale
$3,250,000 USD
Medical - FOR SALE
1/8
null | 9.48% Cap Rate

100 Medical Center Dr
Gadsden, AL 35903


HIGHLIGHTS

  • On-campus location: Directly connected to Gadsden Regional Medical Center, offering strong visibility and tenant synergies.
  • Low basis: Acquire on campus medical significantly below comparable development or acquisition costs in the medical office space
  • Value creation: Flexible lease terms and vacant space create a near-term opportunity to increase occupancy and improve cash flow.
  • Community impact: Positioned to support healthcare delivery in a rural and medically underserved region, aligning with ESG and mission-driven capital.

OVERVIEW

100 & 300 Medical Center Drive will be sold together. The list price is $3.25 M. In place NOI for the portfolio is a 9.5% cap rate. At 52% occupancy with good market momentum, there is a significant opportunity to create value and drastically increase returns and cash flows with this acquisition. Both buildings total 100,453 SF. This is your chance to purchase on campus medical office for $32.50/SF.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

9.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

124

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

O-1

APN/PARCEL ID

15-01-12-0-001-064.000,15-01-12-0-001-065.000,15-01-12-0-001-065.001

ASK ABOUT THIS PROPERTY

Katy LincolnLincoln HoldingsMore Info
205-706-0676

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Katy LincolnLincoln HoldingsMore Info
205-706-0676

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.