202 Inverness Center Dr - Medical FOR SALE


Birmingham, AL 35242
$7,430,000 USD
847-274-0039
202 Inverness Center Dr, Birmingham, AL for Sale
$7,430,000 USD
Medical - FOR SALE
1/12
null | 7.15% Cap Rate

202 Inverness Center Dr
Birmingham, AL 35242


HIGHLIGHTS

  • 100% Occupied and E-Commerce Resistant Investment
  • 20,019-SF Multi-Tenant Medial Building
  • Attractive Rent Increases
  • Located Within the Inverness Healthcare Hub

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Inverness Dental & Medical Plaza, a medical office building located at 202 Inverness Center Drive in Birmingham, Alabama (the “Property”). The Property consists of a fully occupied, three-tenant medical office building with 20,019 square feet of space on a 1.46-acre parcel. The medical office building is leased to three reputable dental tenants: Stonecreek Dental, Weissman Orthodontics, and Birmingham Endodontics. All three tenants have over 5 years of term remaining, absolute-triple net leases, personal guarantees in-place, and 2% annual rental increases. Furthermore, all three dental practices have occupied the building since it was originally constructed in 2001. The three tenants specialize in a different sector of the dental industry, resulting in cross synergies between them. The Property is strategically located within the Inverness Center office park, directly off U.S. Highway 280, one of Birmingham’s most heavily traveled commercial corridors. The medical office building is surrounded by national retailers, restaurants, hotels, and healthcare providers, and is in close proximity to Grandview Medical Center (372-bed hospital), UAB Medicine Inverness, Inverness Family Medicine, and other established medical practices, reinforcing the area’s reputation as a healthcare hub. 202 Inverness Center Drive also benefits from easy access to I-459, the region’s primary beltway, providing convenient connectivity to surrounding communities such as Hoover, Mountain Brook, and Vestavia Hills, as well as Downtown Birmingham. The Inverness area is an affluent, fast-growing suburban community with a strong residential base that supports continued demand for medical and professional services.

FOR SALE DETAILS

PRICE

$7,430,000 USD

PRICE/SF

$371 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Inverness Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

B-1

APN/PARCEL ID

02-7-36-0-001-029-013

ASK ABOUT THIS PROPERTY

Alex SacksHorvath & TremblayMore Info
847-274-0039

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Alex SacksHorvath & TremblayMore Info
847-274-0039

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