2197 Parkway Lake Dr, Hoover, AL 35244

Excellent location, class A office building. The one Tenant lease is until June 2018,two five year options. Tenant is Biolife Plasma Services L.P. Guarantor is BAXTER Healthcare Corp. A FORTUNE 500 COMPANY. Currently 140 employees are there, more may be added. Great and stable return on investment. Large laboratory space adds extra value to the building. Lease terms are more favorable to the landlord than normal. No management fees are necessary for this single tenant lease. Tenant is responsible for all costs associated with occupying the building,including capital cost for Reserves. Landlord is only responsible for exterior of building repairs and utility connections to building. Cap rate 9 % !! Average annual lease income is $ 490,000,00, Landlord pays only $ 14,500,00 per year<br/><br/>Listing Agent: Annemarie Brown