2350 Fairlane Dr - Office FOR SALE


Montgomery, AL 36116- Outer East
$2,974,240 USD
334-462-2608
2350 Fairlane Dr, Montgomery, AL for Sale
$2,974,240 USD
Office - FOR SALE
1/11
null | 10% Cap Rate

2350 Fairlane Dr
Montgomery, AL 36116
Outer East


HIGHLIGHTS

  • Anchored by the US GSA and US Marine Corps.
  • Diversified multi-tenant office investment with strong federal credit tenancy.
  • Recent building improvements and ample parking with a professional campus environment.
  • Attractive midtown Montgomery location with excellent visibility and convenient access to Eastern Boulevard.
  • Opportunity to increase occupancy and NOI.

OVERVIEW

Park Place presents the opportunity to acquire a well maintained, institutional-quality office building anchored by long-term federal government tenancy. The property is home to the US. General Services Administration (Immigration and Customs Enforcement-ICE) and the United States Marine Corps, providing investors with exceptional credit tenancy and stable cash flow. Located in Midtown Montgomery's premier office corridor, Park Place offers approximately 27,030 square feet within one of the city's most established professional office environments. Recent capital improvements, an attractive physical presence, and a diversified tenant roster position the property as a stable, income-producing investment with future leasing upside. Government agencies occupy a significant portion of the building, creating an investment profile that is difficult to replicate in todays office market. Federal tenancy typically provides reliable rent collections, strong tenant retention, and reduced credit risk compared to traditional office users. The property also offers upside through the lease-up of existing vacant space while benefiting from Montgomery's expanding government, defense, cybersecurity, healthcare, and technology sectors.

FOR SALE DETAILS

PRICE

$2,974,240 USD

PRICE/SF

$110 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Place

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

135

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

O-1

APN/PARCEL ID

10-07-26-3-002-036.001

ASK ABOUT THIS PROPERTY

Scott HarrisAronov Realty Brokerage, Inc.More Info
334-462-2608

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Scott HarrisAronov Realty Brokerage, Inc.More Info
334-462-2608

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