- For Sale $2,382,581
- Property Type Office - General Office
- Property Size 12,310 SF
- Units 2
- Lot Size 0.28 Acre
- Building Class B
- Year Built 1999
- Date Updated Aug 31, 2026
Description
The seller offers the portfolio for $2,382,581 through a sale-leaseback and prefers 1 buyer for both assets. The seller may consider individual sales, with allocations of $967,742 for Pelham and $1,414,839 for Montgomery. The parties will close concurrently with lease execution; Ally Psychiatry currently occupies 100% of both freestanding buildings.
At closing, Ally Psychiatry will sign new 10-year NNN leases for both sites. Starting rent totals $184,650 per year and $15,387.50 per month, based on a blended $15.00/SF rate. Contract rent will increase 3% annually, while the tenant covers taxes, insurance, and all maintenance. The pro forma projects $169,878 in Year 1 NOI after 5% vacancy and a 3% management fee. An executed confidentiality agreement provides access to tenant financial information.
Highlights
- 100% occupancy spans 2 freestanding medical office properties.
- 10-year NNN leases start at closing with 3% annual increases.
- 12,310 SF portfolio carries a blended $15.00/SF rent.
- 150+ clinicians support Ally Psychiatry’s 8-state behavioral health platform.
- 2 sale paths support portfolio and individual 1031 exchange buyers.
- 7.13% weighted cap rate based on $169,878 projected Year 1 NOI.
- 7.75% unweighted cap rate based on $184,650 annual base rent.
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Contacts
Benjamin Bivens
Location
Contact Listing Broker
Benjamin Bivens
