120 Executive Park Ln
Selma, AL 36701

$3,384,000 USD

Office For Sale • 13,421 SF

Property Details

Property Type Office
Total Building Size 13,421 SF
Lot Size 2.33 AC
Building Class B
Year Built 2003
Tenancy Single
Zoning OI

0 Transit Score

9 Walk Score

                
                    Highlights
                
                                7.5% cap rate on 2025 projected net income
                            
                                Term through 11/11/2033 / Firm term through 11/11/2028 / Rent escalation last 5 years of term
                            
                                $87,474 annual renovation reimbursement paid to landlord through May 2029
                            
                                Single story brick built 2003, renovated 2018, new roof
                            
                                 Operating expense reimbursement and CPI formula increases
                            
                                Increases of property taxes over a base year reimbursement