whitesport medical bldg. · [email protected] phone: 256.509.2078 ... all potential buyers...
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For more information contact:
WHITESPORT MEDICAL BLDG.165 Whitesport Drive SouthwestHuntsville, AL 35801
Price: $2,100,000
Phone: 256.509.2078 ● 1200 Winner Avenue, Suite B ● Huntsville, Alabama 35805 ● www.gatewayalabamarealty.com
PROPERTY HIGHLIGHTS
Highly desirable location on the Crestwood Medical Center Campus●
Two long term tenants●
Brick exterior and pitched metal roof●
Separately metered●
Near highly traveled Whitesburg Drive/Airport Road intersection●
Senior living apartments/communities located in close proximity●
Located within walking distance to numerous restaurants●
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following offering memorandum is proprietary and
strictly confidential. It is intended to be reviewed only by the party receiving it from
Gateway Alabama Realty Group, LLC and it should not be made available to any other
person or entity without the written consent of Gateway Alabama Realty Group, LLC.
By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Gateway Alabama Realty Group, LLC. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Gateway Alabama Realty Group, LLC has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Gateway Alabama Realty Group, LLC has not verified, and will not verify, any of the information contained herein, nor has Gateway Alabama Realty Group, LLC conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
Property showings are by appointment only.
PROPERTY SUMMARYWhitesport Medical Bldg.165 Whitesport Drive Southwest | Huntsville, AL 35801
Property SummaryAvailable SF
Building Size
Lease Rate
Lot Size
Property Type
Purchase Price
Rentable Sq. Ft.
0
9912
N/A
31,800 Sq. Ft.
Health Care
$2,100,000
8,800
Property OverviewThis 9,900 SF medical office building is located on the campus ofCrestwood Hospital, which is the only privately owned hospital inHuntsville, AL. The building was built in 2003 and updated in 2012 and2018.
Location OverviewConveniently located to affluent Southeast Huntsville, several high endrestaurants, and shopping center. It is a fantastic location on theCrestwood Hospital campus, and adjacent to residentialneighborhoods, shopping, restaurants and senior living facilities.
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PROPERTY DESCRIPTIONWhitesport Medical Bldg.165 Whitesport Drive Southwest | Huntsville, AL 35801
Property DescriptionGateway Alabama Realty Group is pleased to offer this 9,900 square foot medical office space locatedon the campus of Crestwood Medical Center, the only privately owned hospital in Huntsville, AL. Thebuilding was built in 2003, refurbished in 2012 and more recently in 2018. This space is alsoconveniently located in the welldeveloped, popular, and affluent region of Southeast Huntsville,alongside several high end restaurants and shopping centers. It exists just off of a main road, andtherefore is easy to locate and access. The property currently has two tenants, Huntsville Ob/Gyn andNesin Therapy, both of whom have been in business for several years. There is value to be added byincreasing the rents and negotiating lease terms to meet market norms.
This is an excellent and easily accessible location on the Crestwood Medical Center campus, andadjacent to multiple residential neighborhoods, shopping, restaurants, and senior living facilities.
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SUMMARYWhitesport Medical Bldg.165 Whitesport Drive Southwest | Huntsville, AL 35801
TENANT ANNUAL SCHEDULED INCOME
Tenant Actual
Ob/Gyn office $68,616
Therapy $94,428
TOTALS $163,044
ANNUALIZED INCOME
Description Actual
Gross Potential Rent $163,044
Less: Vacancy $0
Effective Gross Income $163,044
Less: Expenses ($51,913)
Net Operating Income $111,131
ANNUALIZED EXPENSES
Description Actual
Building Insurance $3,709
Grounds Maintenance $3,480
Janitorial $800
Maintenance/Repairs $13,358
Management Fees $6,300
Pest Control $1,051
Miscellaneous $150
Taxes Real Estate $15,265
Trash Removal $800
Utilities $7,000
TOTAL EXPENSES $51,913
EXPENSES PER RSF $5.90
INVESTMENT SUMMARY
PRICE $2,100,000
Year Built 2003
Tenants 2
RSF 8,800
Price/RSF $238.64
Lot Size 31,800 sf
Floors 2
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PROPERTY PHOTOSWhitesport Medical Bldg.165 Whitesport Drive Southwest | Huntsville, AL 35801
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REGIONAL MAPWhitesport Medical Bldg.165 Whitesport Drive Southwest | Huntsville, AL 35801
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LOCATION MAPWhitesport Medical Bldg.165 Whitesport Drive Southwest | Huntsville, AL 35801
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DEMOGRAPHICSWhitesport Medical Bldg.165 Whitesport Drive Southwest | Huntsville, AL 35801
Population 1 Mile 3 Mile 5 Mile
Male 3,079 20,428 46,950
Female 3,813 23,172 51,670
Total Population 6,892 43,600 98,620
Age Breakdown 1 Mile 3 Mile 5 Mile
Ages 04 280 2,427 5,251
Ages 59 364 2,940 6,314
Ages 1014 363 2,715 5,806
Ages 1519 373 2,639 5,771
Ages 2024 372 2,573 5,837
Ages 2529 356 2,499 5,921
Ages 3034 339 2,518 5,984
Ages 3539 350 2,644 6,124
Ages 4044 375 2,821 6,352
Ages 4549 394 2,891 6,603
Ages 5054 406 2,797 6,619
Ages 5559 420 2,613 6,314
Ages 6064 419 2,431 5,800
Ages 6569 405 2,190 5,156
Ages 7074 399 1,938 4,422
Ages 7579 369 1,655 3,597
Ages 8084 328 1,274 2,663
Ages 85+ 580 2,035 4,086
Race Characteristics 1 Mile 3 Mile 5 Mile
Non Hispanic White 6,177 31,616 69,216
Population Black 498 7,985 21,708
Population Am In/AK Nat 1 38 129
Household Income 1 Mile 3 Mile 5 Mile
Median $54,697 $43,612 $40,024
< $10000 25 1,999 4,427
$10000$14999 142 1,350 2,769
$15000$19999 144 1,475 2,752
$20000$24999 274 1,402 3,259
$25000$29999 98 1,335 2,831
$30000$34999 119 972 2,263
$35000$39999 287 850 1,961
$40000$44999 154 932 1,953
$45000$49999 88 588 1,310
$50000$60000 220 1,617 3,759
$60000$74000 136 1,366 3,179
$75000$99999 419 2,083 4,093
$100000$124999 245 1,166 2,825
$125000$149999 282 779 1,945
$150000$199999 229 883 2,110
> $200000 326 1,080 1,822
Housing 1 Mile 3 Mile 5 Mile
Total Units 3,546 23,013 50,069
Occupied 3,334 20,276 44,933
Owner Occupied 2,134 10,802 25,472
Renter Occupied 1,200 9,474 19,461
Vacant 212 2,737 5,136
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