commercial real estate services, worldwide. office ... · businesses in a five mile radius. airport...

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1 SITE Commercial Real Estate Services, Worldwide. Building Size: 14,862± SF Lot Size: 2.38± AC CAP Rate: 7.3% Lease Term: 7 year term Current Tenant: CGI Technologies A+ credit international tenant (NYSE: GIB) Prime location in upscale west Mobile office park Proximate to Interstates 10, 65 and 110, Mobile airports, banks, shopping Investment package available on request Investment Opportunity NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED. 56 St. Emanuel St. Mobile, AL 251.438.4312 www.nai-mobile.com SALE PRICE: $2,800,000.00 CAP Rate: 7.3% Property Features FOR SALE 14,862± SF OFFICE BUILDING Mobile, AL For more information: Thomas S. Gleason, CCIM 251.379.8285 cell [email protected] 6420 Wall St. Mobile, AL 36609

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Page 1: Commercial Real Estate Services, Worldwide. OFFICE ... · businesses in a five mile radius. Airport Blvd. 0.7 miles Grelot Rd. 0.8 miles Schillinger Rd. 2.9 miles Mobile Regional

1

SITE

Commercial Real Estate Services, Worldwide.

• Building Size: 14,862± SF

• Lot Size: 2.38± AC

• CAP Rate: 7.3%

• Lease Term: 7 year term

• Current Tenant: CGI Technologies

• A+ credit international tenant (NYSE: GIB)

• Prime location in upscale west Mobile office park

• Proximate to Interstates 10, 65 and 110, Mobile

airports, banks, shopping

• Investment package available on request

Investment Opportunity

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

56 St. Emanuel St.Mobile, AL

251.438.4312

www.nai-mobile.com

SALE PRICE: $2,800,000.00CAP Rate: 7.3%

Property Features

FOR SALE14,862± SF OFFICE BUILDING Mobile, AL

For more information:

Thomas S. Gleason, CCIM251.379.8285 cell • [email protected]

6420 Wall St.Mobile, AL 36609

Page 2: Commercial Real Estate Services, Worldwide. OFFICE ... · businesses in a five mile radius. Airport Blvd. 0.7 miles Grelot Rd. 0.8 miles Schillinger Rd. 2.9 miles Mobile Regional

2

The subject property is located off of a vibrant commercial corridor in the west Mobile area. It is surrounded by retail, office and residential neighborhoods. Proximate to Interstates 65, 10 & 110, Mobile Regional Airport, the University of South Alabama, banks, shopping and more. Subject is located in the highest income area of Mobile. The area continues to grow at a 0.50% annual growth rate in the one mile radius. There are more than 7,000 businesses in a five mile radius.

Airport Blvd. 0.7 miles

Grelot Rd. 0.8 miles

Schillinger Rd. 2.9 miles

Mobile Regional Airport 4.1 miles

I-65 4.4 miles

US HWY 90 5.1 miles

I-10 8.1 miles

Mobile Aeroplex at Brookley 10.1 miles

Downtown Mobile 10.6 miles

Baldwin County, AL 22.5 miles

Pensacola, FL 69.8 miles

New Orleans, LA 135 miles

AIRPORT BLVD.

CO

DY

RD

.

GRELOT RD.

OLD SHELL RD.

The University of South Alabama Campus

Mobile Regional Airport

Providence Hospital UN

IVE

RS

ITY

BLV

D.

SC

HIL

LIN

GE

R R

D.

HILLC

RE

ST

RD

.

SITE

28,800 VPD

31,700 VPD

52,600 VPD

45,100 VPD27,100 VPD

28,100 VPD

Location Description:

2016 1 mile 3 mile 5 mile

Population 10,354 69,401 137,340

Households 5,101 29,596 56,281

Avg. Income $67,795 $69,321 $68,421

Total Businesses 599 3,050 7,019

Demographics

Source: U.S. Census Bureau via © 2016 ESRI

Page 3: Commercial Real Estate Services, Worldwide. OFFICE ... · businesses in a five mile radius. Airport Blvd. 0.7 miles Grelot Rd. 0.8 miles Schillinger Rd. 2.9 miles Mobile Regional

3

SITE

AIRPORT BLVD.

HILLC

REST R

D.

Providence Hospital

56 St. Emanuel St.Mobile, AL

251.438.4312

www.nai-mobile.comCommercial Real Estate Services, Worldwide.

Page 4: Commercial Real Estate Services, Worldwide. OFFICE ... · businesses in a five mile radius. Airport Blvd. 0.7 miles Grelot Rd. 0.8 miles Schillinger Rd. 2.9 miles Mobile Regional

4

56 St. Emanuel St.Mobile, AL

251.438.4312

www.nai-mobile.comCommercial Real Estate Services, Worldwide.