Center Point Business Park | 55% Occupied | 34K VPD | Birmingham MSA

 Investment Highlights

• ±34,834 SF multi-building office park in Birmingham’s Center Point Submarket
• Recent capital improvements include approximately $120,000 in roof replacements completed within the last five years
• 34,109 VPD Traffic Counts on Center Point Pkwy with excellent regional connectivity | 3-miles from I-59 & 12-miles from downtown Birmingham
• ±55% Occupied Providing Near-Term Value Add Potential with a Range of Suite Sizes Readily Available for Lease
• Below-market in-place rents create potential to grow income through renewals and mark-to-market leasing
• Concrete construction with slab flooring and structural concrete on both levels, supporting long-term durability
• Attractive Demographics with Population of ±94,406 and Annual Household Income of ±$65,283 (5-Mile)
• Offering Summary

• Marcus & Millichap is pleased to offer for sale the fee simple interest in Center Point Business Park, a ±34,834-square-foot, 55% occupied, four-building portfolio located at 1512, 1516 Center Point Pkwy, and 1513, 1515 Huffman Road, in Center Point Alabama. Constructed with durable concrete improvements, the asset provides a solid physical foundation for future ownership. Recent capital improvements include approximately $120,000 roof replacement completed within the past five years across all four buildings.  With flexible suite configurations and appeal to a wide range of small business and professional tenants, the Property is well positioned for income growth and long-term repositioning. The Property has been in operation since the 1970s reflecting long-term ownership and reflects consistent operation and historical stewardship. The Property offers investors a compelling value-add opportunity through lease-up of vacant suites, potential rent growth from below-market leases, and operational upside through more proactive management

Auctioneer: 

Daniel Culps

c/o Fisher Auction Company Inc.

License: 5070