The Offices at 3000 Riverchase — Sale in Hoover, AL

  • Price: $7.3M
  • Listing type: For sale
  • Asset type: Office
  • Location: Hoover, AL 35244
  • Year built: 1986

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Description

Jones Lang LaSalle Americas, Inc ("JLL"), as an exclusive advisor, is pleased to present the opportunity to acquire The Offices at 3000 Riverchase (the Project), a value add office project located in Birmingham's robust Hoover submarket in the Riverchase Galleria mall. Currently 52% leased with 3.5 years of WALT, The Offices at 3000 Riverchase offers a unique opportunity to enter a highly affluent submarket at an attractive basis. The Project presents an established and validated location offering tenants immediate access to the mixed-use amenity base such as diverse dining options, on-site hospitality and abundant parking facilities. The Offices at 3000 Riverchase enjoys unparalleled accessibility via the dedicated Galleria Boulevard to I-459 flyover along with multiple egress and ingress points. Moreover, the Project sits within a demographic stronghold boasting household incomes and educational backgrounds that place it in the highest level across the Southeast, creating a natural talent pipeline that attracts and retains premium employers and employees alike. The Offices at 3000 Riverchase provides a compelling value creation opportunity through strategic lease-up that capitalizes on existing leasing momentum, while offering potential synergies with the broader redevelopment initiatives being investigated at the Riverchase Galleria mall. In addition, the Project enables investors to establish themselves in a well located submarket at an attractive basis well below replication costs.

Market Context

This office in Hoover, AL is listed for sale at $7,250,000. The building dates to 1986. Compare it against other office listings for sale in Hoover, AL — view the full market.

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