Mobile Office Park 3929 Airport Blvd Bureau 9 826 m² 92 % Loué À vendre Mobile, AL 36608 6 086 520 € (619,43 €/m²) Taux de capitalisation 9,62 %

The DiSalvo I Bender I Nulf Group of Marcus & Millichap is pleased to present to market available for sale the Mobile Office Park – a 3 building office parked situated along Airport Blvd containing 105,766 square feet of Class B office space. The park is home to vast mix of professional, medical, and government tenants. The offering provides a unique opportunity to investors in the current market place, featuring both steady cash flow as well as upside in filling current vacancy. The properties have proven to be an attractive destination for a diverse tenant mix. New ownership will be able to enjoy great cashflow day one as well as upside for themselves to achieve through further filling of the suites.
Market: The Mobile Office Park is located in the Mobile Metropolitan Statistical Area (MSA), one of Alabama’s most dynamic regions, featuring a diverse economy driven by shipbuilding, port activity, and tourism. Mobile boasts a growing population exceeding 410,000 residents in the metro area, a thriving business climate, and unique cultural offerings. The city serves as a key hub for the labor force and commerce industry along the Gulf Coast, supported by the presence of the Port of Mobile, one of the fastest-growing seaports in the U.S handling over 64 million tons of cargo annually. A $366 million expansion of the Port of Mobile is underway, increasing container capacity and boosting trade. As the port expansion takes place, many new jobs will be created in the area, further boosting the Mobile office market.
Why Mobile Office Park?
With an excellent existing rent roll and diverse tenant mix, The Mobile Office Park is an outstanding investment opportunity for investors seeking a deal containing value upside in under market rents as well as 25% vacancy upside. Across numerous long-standing tenants, recently executed new leases, the park shows consistent interest and activity from businesses around the Mobile market. The park currently operates at rates that are well below the market standard for office space in the area, providing a new owner value add upside day one.
Stable Current Tenant Mix: The Mobile Office Park is sitting at just over 75% occupancy with a strong variety of tenants due to the nature and flexibility of each building. With incredibly well maintained office space, many businesses have been attracted to the park. Containing a healthy mix of professional, medical, and government tenants, the Mobile Office Park is one of the best investments in the submarket offering vacancy upside with excellent investment stability and flexibility for years to come.
Location: The Mobile Office Park is strategically located at 3929 Airport Blvd in Mobile Alabama, offering excellent accessibility to interstate 65 and key transportation routes including I-90. Just a 19- minute drive from Mobile Regional Airport, and just 15 minutes from Downtown Mobile, the property is surrounded by restaurants, retail outlets, and essential services making it a prime location for a wide variety of professional tenants. The Downtown Mobile office market is very well occupied with just a 3% vacancy rate for office product, which is leading users to spaces in and near the Mobile Office Park.