2828 Jordan Lane, Huntsville, AL 35810

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List Price
$1,000,000
Status
ACTIVE
MLS#
21926505
Days on Market
37
Property Type
Commercial
Lot Size (Acres)
1.28
Year Builtsiaon
1979

Property Description

Investment opportunity on Jordan Lane NW. 7,057 SF commercial building occupied by Gerber Collision & Glass under an existing NN lease generating $72,000 annual base rent. Tenant maintains property insurance; real estate taxes are included in operating costs under the lease. Sale includes two parcels totaling approx. 1.28 acres. Current term through April 2028 with four additional 5-year renewal options and scheduled rent increases during the renewal terms. Recently replaced HVAC with manufacturer warranty.

Additional Information

Year Built
1979
Exterior Features
Lighting
Stories
One
Parking Features
Parking Lot
Heating
Central
Cooling
Central Air
Sewer
Public Sewer

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Legend Realty.

Listing data is derived in whole or in part from NALMLS and is for consumers' personal, non-commercial use only. All data should be independently verified..

This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed.