Assignment – Phoenix 2018-12-10T09:45:13+00:00

MONTGOMERY, AL

PHOENIX REHABILITATION CENTER

  • COST $1.5M
  • CAP RATE 7.05%
  • NOI $106K
  • LEASE 10 Year-NN
  • SQUARE FEET 5,300
  • YEAR BUILT 2018
OFFERING MEMORANDUM

INVESTMENT SUMMARY

The Chetek Group of Marcus & Millichap, is pleased to present the opportunity to acquire a 100% fee-simple interest in PHOENIX Rehabilitation and Health Services, Inc. (“the Property”); a 5,300 square-foot single-tenant medical office located in Montgomery, AL.

The Property is strategically located off Interstate 85 and Perry Hill Rd, the areas main thoroughfare. The Property is 100% occupied by PHOENIX Rehabilitation and Health Services, Inc. The Chamber of Commerce ribbon cutting on the Property was September 18th. PHOENIX Rehabilitation and Health Services, Inc. signed a new 10-year NN lease through 5/31/2028. The landlord is only responsible for roof and structure only.

Demographics in the surrounding area are 74,625 residents within three miles and 157,218 residents within five miles. The Property is located in the Southeast quadrant of Montgomery in between Alabama State University and Auburn University of Montgomery. Montgomery is an hour and half South of Birmingham and two hours Southwest of Atlanta, GA. The Property is located on the highly trafficked Perry Hill Rd, and is easily accessed by Interstate 85 which is one half mile from the Property.

INVESTMENT HIGHLIGHTS

Bran New 2018 Construction

The Property is 100% occupied by PHOENIX Rehabilitation and Health Services, Inc.

PHOENIX Rehabilitation and Health Services, Inc. signed a new 10-year NN lease through 5/31/2028.

The landlord is only responsible for the roof and structure.

Windsor Hill Park is the new master planned office community and first class business address in Montgomery, Alabama. This prestigious location is perfect for company headquarters, medical offices, multi-tenant office space, or build-to-suit opportunities. This is the first completed building of a 8 lot master plan office park community.

OFFERING MEMORANDUM