Description
4165 Carmichael Road and 1420 I-85 Parkway comprise a two-building office portfolio in Montgomery offered at $815,000. The approximately 7,343-square-foot investment is marketed as 100% occupied with annual NOI of $74,892, producing a stated 9.19% capitalization rate.
The properties serve professional and medical users near the signalized Carmichael Road and I-85 Parkway intersection. Recent capital work includes new roofs and sealed and restriped parking areas. Interstate 85 access, nearby services and strong corridor visibility support tenant convenience. Buyers should confirm lease terms, operating expenses, parcel details and the income figures during underwriting.
Offering Summary
- Asking Price$815,000
- Price PSF$102.39
- Price/Acre$2,202,703
- Property TypeOffice
- Size7,343 SF
- Occupancy100%
- Built1987
- Total Acres~0.37 ac
Sale Details
- Cap Rate9.19%
- NOI$74,892
- In-Place Cap Rate9.19%
- In-Place NOI$74,892
- Cash-on-Cash9.19%
- In-Place Rents100,571
Documents
Property Address
4165 Carmichael Rd
Montgomery, AL 36109
Property Details
- Property Type
Office - Square Feet
7,343 SF - Occupancy
100% - Year Built
1987 - Acres
0.37 - Zoning
B-2
Deal Team
