For Sale
$10,500,000

432 St Lukes DrMontgomery, AL 36117

Five Class B medical offices, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a portfolio of five Class B medical office buildings totaling 7,856 square feet, situated on a 29,970 square foot lot in Montgomery, Alabama. The portfolio is 100% occupied by a single, high-quality tenant, Clearway Pain Solutions, a leading pain management practice with 43 locations across the Eastern United States. The lease commenced April 1, 2018, with a remaining term of approximately 7.4 years, expiring March 31, 2032. The buildings, constructed in 1997 and 2000, are located in a thriving office park adjacent to Baptist East Hospital, providing excellent visibility and accessibility. The convenient location offers proximity to Interstate 85 and ample shopping options. Each building features sufficient parking. The asking price for this portfolio is $10,500,000, translating to a price per square foot of $1,336.56. The property is zoned for commercial use and consists of single-story buildings. This represents a stable, high-yield investment opportunity in a desirable medical corridor. The buildings are well-maintained and benefit from a strong, long-term tenant with a proven track record. This is a rare opportunity to acquire a fully occupied, medical office portfolio with significant remaining lease term in a prime Montgomery location.

Highlights

  • Excellent condition office buildings in office park adjacent to Baptist Medical Center Hospital.
  • Convenient I-85 access and proximity to shopping.
  • Ample parking available at both buildings.
  • Center for Pain tenant is Clearway Pain Solutions, a leading 43-location Eastern US pain management practice.

Property Details for 432 St Lukes Dr

Property type
Office properties, Medical offices
Square Feet
7,856 SF
Stories
1

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.378565872355
Longitude
-86.171281566509
432 St Lukes Dr, Montgomery, Alabama

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432 St Lukes Dr
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