207 Fob James Dr - Assisted Livings FOR SALE


Valley, AL 36854
$1,387,000 USD
918-794-9787
207 Fob James Dr, Valley, AL for Sale
$1,387,000 USD
Assisted Livings - FOR SALE
1/4
null | 7.6% Cap Rate

207 Fob James Dr
Valley, AL 36854


HIGHLIGHTS

  • 100% occupied medical office building with four tenants
  • Diversified tenant mix across internal medicine and cardiology, home health, orthodontics, and after-school care
  • Annual rent escalations across all four leases
  • Lease expirations staggered across 2028, 2029, and 2030
  • Modified gross lease structure with limited landlord responsibilities
  • Located along Fob James Drive near Interstate 85, Valley Medical Park, and East Alabama Medical Center – Lanier

OVERVIEW

Northmarq is pleased to offer qualified investors the opportunity to acquire the fee simple interest in Valley MOB, a 100% occupied, multi-tenant medical office building located at 207 Fob James Drive in Valley, Alabama. The property consists of 2 acres improved with an 8,900-square-foot, single-story brick and metal building constructed in 1994 and expanded in 2009. The tenant roster includes Dr. Ivan L. Slavich III, Shelley Orthodontics, Enhabit Home Health, and A Step Above After School Care, providing a diversified mix of healthcare and community-service uses within one of eastern Alabama’s few purpose-built outpatient facilities. All four leases are structured as modified gross with annual rent escalations. The weighted average lease term remaining is 2.83 years, and gross scheduled rent for fiscal year 2026 is $128,461, generating an in-place NOI of $105,460. The property is situated along Fob James Drive, approximately one mile south of Interstate 85, near Southern Union State Community College, Lakewood Senior Living, Valley Medical Park, and East Alabama Medical Center – Lanier, within a regional economy supported by nearby Kia Motors Manufacturing Georgia in West Point. In Association With: Brian Lane - AL Lic. #000079670-0

FOR SALE DETAILS

PRICE

$1,387,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valley MOB

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

17-06-13-1-001-014.001

ASK ABOUT THIS PROPERTY

Scott BriggsNorthmarqMore Info
918-794-9787

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Scott BriggsNorthmarqMore Info
918-794-9787

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