For Sale
$12,000,000

3100 Cottage Hill Road Mobile, AL 36606

Class B Office Complex, Mobile, AL. High Occupancy, Ample Parking.

Source: https://www.saltercompany.com

Overview

Added:
Feb 5
Days on market:
80
This exceptional investment opportunity presents a Class B office complex strategically located in the heart of Mobile, Alabama. The property encompasses seven buildings totaling approximately 127,170 square feet, offering 27 individual office suites. Currently boasting a 92% occupancy rate, this complex provides a strong, immediate return on investment. The net rentable area is 124,245 square feet, situated on a 4.83-acre lot, ensuring ample parking for tenants and visitors. The property's prime location in Mobile positions it as an attractive investment, benefiting from high visibility and easy access to major transportation routes. Financial details are available upon execution of a confidentiality agreement. This is a rare chance to acquire a well-established, high-performing office complex in a thriving Alabama market. The property is priced at $12,000,000. Further details regarding the financial performance, including net operating income, are available to qualified buyers under a non-disclosure agreement.

Highlights

  • Seven buildings comprise this 127,170+ sq ft Class B office complex.
  • Strategically located in Mobile's central business district with ample parking.
  • Currently 92% leased, offering a strong 8.9% CAP rate and 27 office suites.

Property Details for 3100 Cottage Hill Road

Property type
Office properties, Office buildings
Square Feet
92,188 SF
Price / Square Foot
$130.17
Class
B
Buildings
7
Stories
1
Elevators
N/A
Net Rentable (sq. ft)
124,245 SF
Lot Size (sq. ft)
210,644 SF
Units
27

Location Insight

City
Mobile
County
Mobile
State
Alabama

FAQs

What type of property is this?
Office property - Class B Office Complex, Mobile, AL. High Occupancy, Ample Parking.
Where is the office property located?
The property is located at 3100 Cottage Hill Road Mobile, AL.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Seven buildings comprise this 127,170+ sq ft Class B office complex.; Strategically located in Mobile's central business district with ample parking.; Currently 92% leased, offering a strong 8.9% CAP rate and 27 office suites.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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3100 Cottage Hill Road
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