1855 Spring Hill Ave - Medical FOR SALE


Mobile, AL 36607- Midtown Mobile
$1,550,000 USD
732-856-4349
1855 Spring Hill Ave, Mobile, AL for Sale
$1,550,000 USD
Medical - FOR SALE
1/9
null | 9.42% Cap Rate

1855 Spring Hill Ave
Mobile, AL 36607
Midtown Mobile


HIGHLIGHTS

  • Secure Lease: A 3-year lease is in place, personally guaranteed by the physicians, ensuring a reliable income stream
  • Below Market Rent: The property offers below-market rates.
  • Low Cost Basis: Priced at just $136 per square foot

OVERVIEW

Zeustra Healthcare Real Estate Advisors presents an exclusive opportunity to acquire a single-tenant medical office complex located at 1855 SpringHill Ave, Mobile, AL 36607. This 11,407-square-foot property features a 3-year lease personally guaranteed by the physicians of Cardio-Thoracic & Vascular Surgical Associates, P.C., with 2% annual rent increases, ensuring consistent growth in rental income. The property is situated in the heart of Mobile and is leased to Infirmary Health, one of Alabama’s largest healthcare systems. With over 45 years of service, the tenant group performs over 2,000 major procedures annually, demonstrating their stability and commitment. The surrounding area, with a population exceeding 190,000 residents within a 5-mile radius, provides a strong patient base. This prime location, combined with a secure lease backed by leading healthcare providers, ensures long-term stability and growth potential, making this property an ideal addition to any real estate portfolio.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

9.42%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

-

APN/PARCEL ID

29-07-24-0-001-171

ASK ABOUT THIS PROPERTY

Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

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Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

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