300 Medical Center Dr - Medical FOR SALE


Gadsden, AL 35903
$3,250,000 USD
205-706-0676
300 Medical Center Dr, Gadsden, AL for Sale
$3,250,000 USD
Medical - FOR SALE
1/6
null | Request Cap Rate

300 Medical Center Dr
Gadsden, AL 35903


HIGHLIGHTS

  • On-campus location: Directly connected to Gadsden Regional Medical Center, offering strong visibility and tenant synergies.
  • Low basis: Acquire on campus medical significantly below comparable development or acquisition costs in the medical office space
  • Value creation: Flexible lease terms and vacant space create a near-term opportunity to increase occupancy and improve cash flow.
  • Community impact: Positioned to support healthcare delivery in a rural and medically underserved region, aligning with ESG and mission-driven capital.

OVERVIEW

100 & 300 Medical Center Drive will be sold together. The list price is $3.25 M. In place NOI for the portfolio is a 9.5% cap rate. At 52% occupancy with good market momentum, there is a significant opportunity to create value and drastically increase returns and cash flows with this acquisition.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$59 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

199

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,554 SF

ZONING

O-1

APN/PARCEL ID

15-01-11-1-000-004.000

ASK ABOUT THIS PROPERTY

Katy LincolnLincoln HoldingsMore Info
205-706-0676

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

Katy LincolnLincoln HoldingsMore Info
205-706-0676

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