For Sale
$1,350,000

1206 Montlimar DrMobile, AL 36609

Six-unit, Class A office building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional Class A, multi-tenant office building presents a compelling investment opportunity. Located at 1206 Montlimar Dr, Mobile, Alabama 36609, this 15,200 square foot property boasts a prime location with excellent visibility and accessibility, featuring 4-lane frontage and proximity to I-65. Built in 2010, the single-story building comprises six individual units, each currently leased under a triple-net (NNN) lease agreement. The property enjoys 100% occupancy, generating a strong and consistent cash flow. With six tenants in place, the risk is mitigated by the diversified tenant base. The asking price is $1,350,000, translating to $88.82 per square foot. The property is zoned B3, and ample parking is available with 45 spaces provided. This turnkey investment offers a stable income stream and significant potential for future appreciation in a thriving Mobile, Alabama market. The property's upscale design and convenient location make it an attractive option for a variety of businesses. This is a rare opportunity to acquire a fully occupied, high-performing commercial property in a desirable location.

Highlights

  • Class A, multi-tenant office building in Mobile, AL.
  • 15,200 square foot, single-story building with six leased units.
  • 100% occupancy with triple-net (NNN) leases, generating strong cash flow.
  • Prime location at 1206 Montlimar Dr, Mobile, AL 36609, with excellent visibility and I-65 access.
  • Asking price: $1,350,000 ($88.82/SF).
  • 45 parking spaces and B3 zoning.

Property Details for 1206 Montlimar Dr

Property type
Office properties
Square Feet
15,200 SF
Class
A
Year Built
2010
Buildings
1
Stories
1
Units
6

Location Insight

City
Mobile
County
Mobile
State
Alabama
Latitude
30.665542756758
Longitude
-88.133159580111
1206 Montlimar Dr, Mobile, Alabama

FAQs

What type of property is this?
Office property - Six-unit, Class A office building, 100% occupied.
Where is the office property located?
The property is located at 1206 Montlimar Dr Mobile, AL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Class A, multi-tenant office building in Mobile, AL.; 15,200 square foot, single-story building with six leased units.; 100% occupancy with triple-net (NNN) leases, generating strong cash flow.
How can I contact the broker?
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1206 Montlimar Dr
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