2021 Boll Weevil Cir - Office FOR SALE


Enterprise, AL 36330
$975,000 USD
334-685-1276
2021 Boll Weevil Cir, Enterprise, AL for Sale
$975,000 USD
Office - FOR SALE
1/17
null | 9.23% Cap Rate

2021 Boll Weevil Cir
Enterprise, AL 36330


OVERVIEW

Alabama Career Center, leased by the state of AL, has been at this location since 1995. Tenant has typically renewed every 5 years since original lease was signed. Current lease extension renewed from June 21 - May 2026 with gross income of $8750 per month. Tenant is responsible for utilities, janitorial and landscaping. Owner is responsible for maintenance, taxes and insurance. Property is currently leased to State of Alabama Tenant; The May, 2026 Lease Renewal is uncertain. With the lease term nearing expiration and renewal uncertain, the asset offers potential for owner occupancy or future tenancy. Opportunity for 20+ year State tenant lease renewal or take advantage of a $100K income stream in the interim to transitioning to a new owner use. Ideal for a range of uses including professional or business offices, wholesale operations, restaurants, or medical clinics. ***Current owner is out of state, so local ownership should be able to lower operating expenses*** Additional Locations can be found at https://adol.alabama.gov/career-centers/

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$91 USD /SF

CAP RATE

9.23%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

3.08 AC

LAND SF

134,165 SF

ZONING

B-3

APN/PARCEL ID

16-03-07-4-000-003.003,16-03-07-4-000-004.002

ASK ABOUT THIS PROPERTY

David R CorneliusForrest & FieldsMore Info
334-685-1276

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David R CorneliusForrest & FieldsMore Info
334-685-1276

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