Map of Property

SSA Selma, Alabama

150 Executive Park Lane, Selma, AL 36701

  • For Sale $3,296,500
  • Property Type Office - General Office
  • Property Size 13,421 SF
  • Lot Size 2.28 Acre
  • Additional Rent Contact for pricing
  • Building Class B
  • Year Built 2003
  • Year Renovated 2018
  • Date Updated Oct 30, 2024
Selma, Alabama with a population of 17,600, is the Dallas County seat with a population of 37,600 and is located in central Alabama, 50 miles east of Montgomery and 80 miles south of Birmingham.The single tenant leased office investment is a build to suit for the Social Security Administration serving as a field office. The 13,421 square foot single story brick building was constructed in 2003 with substantial renovation in 2018. The renovation costs plus interest are repaid to the landlord amortized over the lease term at $87,474 per year through May 2029. In addition to rent, the landlord is paid for operating expenses with an annual CPI formula increase and increases of property taxes over a base year. The lease term is through November 11, 2033 with firm term through November 11, 2028, after which the lease may be terminated early. A third party study reported only 2.82% of GSA leases are terminated early, and one reason is a lack of expansion space. The 2.28 acre site is expandable.

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Attachments

Highlights

  • Single tenant office leased to Social Security Administration
  • 8% cap rate on projected 2023 NOI
  • Leased through November 11, 2033
  • Firm term through November 11, 2028
  • 2003 construction / 2018 renovation
  • Tenant improvement allowance reimbursed to landlord

Contacts

broker

Matthew Levin, CCIM

SVN | Interstate Brokers

Location

Getting Around

  • Walk Score ®

    12/100 Car-Dependent

  • Bike Score ®

    29/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Selma, AL
  • Zip Code 36701

Points of Interest

  • Marathon

    0.52 miles

  • Texaco

    0.65 miles

  • Cougar Mini Shop

    1.87 miles

  • Murphy USA

    2.51 miles

  • Captain's Corner Gas Station

    2.92 miles

  • Petro Gas Station

    7.11 miles

  • Chevron

    7.17 miles

  • Selma City Marina Parking

    2.10 miles

  • American Inn of Selma

    0.62 miles

  • Hospitality Inn

    1.03 miles

  • Luxury Inn and Suites

    2.00 miles

  • St. James Hotel

    2.62 miles

  • Craig Motel

    3.68 miles

  • Golden Ranch BBQ

    0.57 miles

  • Captain D's

    0.79 miles

  • Papa John's

    1.17 miles

  • Taco Bell

    1.27 miles

  • Burger King

    1.28 miles

  • American Deli

    1.32 miles

  • Domino's

    1.41 miles

  • McDonald's

    1.46 miles

  • Daylight Donuts

    1.49 miles

  • Zaxby's

    1.52 miles

  • Union Grove School

    0.50 miles

  • Selma University

    1.34 miles

  • R. B. Hudson Middle School

    1.34 miles

  • Assumption School

    1.37 miles

  • Meadowview Christian School

    1.46 miles

  • Edgewood Elementary School

    1.63 miles

  • Meadowview Elementary School

    1.74 miles

  • Knox Elementary School

    1.78 miles

  • Saint Elizabeths School

    1.80 miles

  • Byrd Elementary School

    1.81 miles

  • McRae-Gaines Learning Center

    2.47 miles

  • George Washington Carver Headstart

    2.50 miles

  • Barney Child Care and Learning Center

    5.40 miles

Frequently Asked Questions

How much does SSA Selma, Alabama cost?

The space currently listed for sale at SSA Selma, Alabama asks for $3,296,500.

What is the total square footage of SSA Selma, Alabama?

SSA Selma, Alabama totals 13,421 square feet.

When was this property built?

SSA Selma, Alabama was built in 2003.

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Contact Listing Broker

broker

Matthew Levin, CCIM

SVN | Interstate Brokers