For Sale - Professional Office Building - Huntsville

Professional Offices with High Bay Space

4949 Century Street Northwest, Huntsville, Alabama 35816

Approximately 5,972 SF 2 Story Building on 0.638 Acre

Well maintained two-story office building with high bay space in Huntsville AL

Configured with multiple offices with a conference room, breakroom, multiple restrooms, & approximately 1,548 of high bay (18' - 20') ceiling space

Excellent location just 1/2 mile North of University Dr off Sparkman just minutes from Mid-City Huntsville - a 100-acre mixed-use development with good access to major thoroughfares - Approximately 5 miles from Redstone Arsenal, Cummings Research Park, and Downtown Huntsville

Great space and location for a mid-sized company needing some high-bay space in the Huntsville area ! ! !

Space is currently occupied by a Studio Production Company

For Sale $499,900    

 

• Property Located within in a Qualified HUB & Opportunity Zones  
• Two ADA Bathrooms on Main Floor - Full bathroom with Shower on 2nd floor   
• Electrical 3 phase 400 amp service  
• Natural Gas  
• Ample on-site parking for approximately 20 cars - Lot Recently Resealed  
• Newer Roof - Approximately 5 Years Old   
• Nicely Landscaped 
• Move-In Ready

Click the Link Full Details and Floor Plans

Five Ways Real Estate Investing Drives Personal Wealth

Good article and summary from Brian Robb of Forbes Real Estate Council

Click the link to read full article

In addition to being real estate brokers, we also invest and own multiple properties ourselves.  I would also add to Brian's summary that partnerships are a great way to help grow your portfolio and can give you additional security and diversity across multiple properties instead of having to go it alone and having all your eggs in one basket

Let us know if you would like to discuss some options and help get started or grow your real estate holdings and start building wealth today...

Jed Park                           Nick J DeMarte, SEC

256-426-3777                  256-763-0867

jed@parkprops.com        nick@parkprops.com

At Park Properties

Our Expert Team Solves Problems 

& 

Meets Our Clients Real Estate Goals

How Much Further Could U.S. Retail Rents Drop?

Estimates range from declines of 8.5 percent to 13.0 percent through 2020 - click the link to read the full story on National Real Estate Investor by Liz Wolf 

Hard to figure out what the "new normal" is going to look like in the commercial real estate world - there are going to be a lot of changes to come - Communication is key with tenants and lenders - we have been proactive in reaching out to everyone involved to continue to determine the best way to proceed while keeping everyone's bests interest in mind

If you need help navigating the current situation let us know how we can assist 

At Park Properties

Our Expert Team Solves Problems 

& 

Meets Our Clients Real Estate Goals

Borrowers Pony Up More Cash Reserves to Move Loans Forward

Borrowers Pony Up More Cash Reserves to Move Loans Forward

Some underwriting standards across the board are being tightened up as lenders begin to finance deals again.  

Interesting read from National Real Estate Investor's Beth Mattson-Teig - Click the link to read the full story

What are you seeing and hearing from your lenders?  

Please leave a comment with your thoughts on where we're headed for financing on commercial real estate projects 

At Park Properties

Our Expert Team Solves Problems 

& 

Meets Our Clients Real Estate Goals

Let us know if we can assist with your commercial real estate needs....

CRE Town-hall - Financing Updates & Opening Businesses Up? ? ?

Our next installment is scheduled for this Thursday, April 23rd @3:00 PM Central

Our featured speaker will be Patrick Fleming Vice President from Progress Bank in Huntsville

Updates COVID-19 & Uncertainty in Bank Financing

> How is the current climate affecting the financing of new deals

> Valuation of current cash flow & properties

> Rates, Terms & Timing, Loan to Value & Debt Coverage Requirements  

> What are the possible longer terms effects from the virus and what we might see

Other Topics to be discussed

Scammers - Be aware when receiving requests/follow-ups on SBA loans applications 

Current Feedback from Owners, Clients & Tenants

"Opening Back-up"  What does this look like and what are the potential adjustments to CAP & rental rates?

We look forward to "seeing" you on Thursday @3:00 PM Central - please share with anyone that you think might be interested 

You must preregister to attend this zoom meeting - Click the link to preregister - once registered you will receive an email with details to join the meeting

Thanks Jed & Nick 

Nick DeMarte nick@parkprops.com 256-763-0867

Jed Park jed@parkprops.com 256-426-3777

New Lease Negotiation by Park Properties!

Park Properties just negotiated a new 10 year lease with Sequel Family Services at their Hamer Road location in Owens Crossroads.  It is a true triple net lease with no landlord responsibilities.  

Park Properties will be listing this property for sale soon.  

Under Contract...

Under Contract...Park Properties is pleased to announce that we have negotiated the sale of this great office building in Huntsville - Call us today if you're looking to purchase or sell commercial real estate....

Jed Park 256-426-3777
Nick DeMarte 256-763-0867

Our Expert Team Solves Problems & Meets Our Clients Real Estate Goals