Lakeview Center — Sale in Montgomery, AL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Montgomery, AL 36117
  • Year built: 2005

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Description

The institutional Capital Markets Group of Jones Lang Lasalle Americas, Inc. ("JLL") as an exclusive advisor, is pleased to present the opportunity to acquire Lakeview Center ("the Asset"), a four-story, boutique 99,336 SF Class A Office building situated on the southeast side of I-85 & Taylor Road interchange within the Eastchase & Wynlakes pocket of Montgomery. The Asset is 99% leased and has a weighted average lease term of 5.0 years. Lakeview Center's location has significantly benefited from three main factors. First, the dynamic retail within Eastchase provides a walkable environment with a multitude of food and beverage options and hotel offerings for out-of-town visitors. Second, Lakeview Center is nestled next to Wynlakes Country Club, attracting decision-makers from one of Montgomery's affluent neighborhoods with limited product built post-2000 to compete with the Asset. Third, population has exploded to the east around Auburn University which is the fastest growing city in Alabama since 2015. Lakeview is the closest office node and best option to attract tenants coming out of Auburn. Lakeview Center's tenancy has been very sticky with an average weighted tenure of 17 years. This four-story asset offers strong in-place cash flow through its sticky tenant base. A "collector" of great office assets has the opportunity to acquire Lakeview Center, positioned in Montgomery's most dynamic and amenity-rich micro market and benefitting from durable cash flow supported by long-term, high-quality tenants.

Market Context

This office in Montgomery, AL is listed for sale. The building dates to 2005. Compare it against other office listings for sale in Montgomery, AL — view the full market.

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