704-999-4400
417 N 20th St
Birmingham, AL 35203
Central City
HIGHLIGHTS
- Highly attractive, Class A office tower located in the vibrant Financial District, which boasts 90%+ average office occupancy since 2010.
- Headquarters for Viva Health , who renewed their commitment to The Plaza with a 5-yr. lease extension in 2023.
- Strong in-office attendance and return-to-office policies among in-place tenancy.
- $3M in building improvements including lobby, common area, amenity, and back-of-house upgrades, limiting future capital exposure.
- Appealing value proposition and mark-to-market upside with in-place rents $7+ PSF below neighboring-building asking rents.
- Ability to capture additional upside through remaining lease-up at an extremely attractive basis relative to remaining contractual income.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
High-Yield Landmark Tower w/ Premier Tenants
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
18
BUILDING CLASS
A
YEAR BUILT
1976
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.49 AC
LAND SF
21,344 SF
ZONING
B-4
APN/PARCEL ID
22-00-36-2-010-010.000
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704-999-4400
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704-999-4400
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