Mobile Office Properties for Lease and For Sale Summer 2011

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Mobile
Office Properties
for Lease and For Sale
Summer 2011
“Data you can use”
“Education you can use”
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Introduction
The following report is one of four commercial reports generated by the Mitchell College
of Business, Center for Real Estate Studies. This report contains information for
Summer 2011 Office properties.
Readers should remember that the data covers advertised "for lease" and "for sale" data
only. Final Sale information is excluded.
The information source for the Industrial data is the Commercial Property Directory,
www.commercialpropertydirectory.com
Birmingham, AL.
In addition to the Office report, three other commercial reports (Land, Industrial and
Retail) can be found on the Center for Real Estate Studies website:
http://cres.southalabama.edu
For additional information, please contact:
Don Epley, Director, Center for Real Estate Studies
Mitchell College of Business, University of South Alabama
Phone: 251.460.6735
Email: [email protected]hal.edu
The data for this report was completed by:
Meredith McCutchen, MBA Student
Mitchell College of Business
Mobile Office Properties
For Lease and For Sale
Table of Contents
Introduction
Page 2
Report Summary
Page 4
List of Zip Codes
Page 5
Table 1: Asking Lease Rate per Square Foot by Zip Code
Pages 6 -9
Table 2: Calculated Vacancy Rate by Zip Code
Pages 10 - 13
Table 3: Total Market of Office Properties Advertised for Lease
Pages 14 - 20
Table 4: Advertised Sales Price and Square Foot by Zip Code
Pages 21 - 23
Table 5: Sales Price per Square Foot by Zip Code
Pages 24 - 26
Table 6: Total Market of Office Properties Advertised for Sale
Pages 27 - 30
Center for Real Estate Studies
Mitchell College of Business
University of South Alabama
Report Summary
2011 Advertised Office Properties for Lease:
Total Properties Listed ……………………………………121
Asking Lease Rate per S.F. ……………………………. Median $12.00 on 94 Properties Reporting
Total Advertised S.F. ………………………………………Median 7,708 on 80 Properties Reporting
Total Advertised S.F. ………………………………………1,988,041 on 80 Properties Reporting
Total Available S.F. …………………………………………935,497 on 104 Properties Reporting
Available S.F. …………………………………………….. Median 4,770 on 104 Properties Reporting
2011 Advertised Office Properties for Sale:
Total Properties Listed ……………………………………67
Sales Price …………………………………………………. Median $439,000 on 65 Properties Reporting
Building S.F. ……………………………………………………Median 7,300 on 45 Properties Reporting
Sales Price per Building S.F. ……………………………Median $67.12 on 43 Properties Reporting
Site S.F. ………………………………………………………… Median 5,200 on 51 Properties Reporting
Sales Price per Site S.F. ……………………………………Median $12.00 on 28 Properties Reporting
Note: This data covers only properties advertised for lease and for sale as an indication of current market
activity. They do not represent the total inventory. For example, the building s.f. represents only buildings
that are advertised with available space. Owner-occupied property is also excluded.
Mobile County Zip Codes
Zip Code
36505
36509
36512
36521
36522
36523
36525
36528
36541
36544
36560
36568
36571
36572
36575
36582
36587
36590
36601
36602
36603
36604
36605
36606
36607
36608
36609
36610
36611
36612
36613
36615
36616
36617
36618
36619
36621
36622
36625
36628
36630
36633
City
Area Code
Axis
251
Bayou La Batre
251
Bucks
251
Chunchula
251
Citronelle
251
Coden
251
Creola
251
Dauphin Island
251
Grand Bay
251
Irvington
251
Mount Vernon
251
Saint Elmo
251
Saraland
251
Satsuma
251
Semmes
251
Theodore
251
Wilmer
251
Theodore
251
Mobile
251
Mobile
251
Mobile
251
Mobile
251
Mobile
251
Mobile
251
Mobile
251
Mobile
251
251
Mobile
Mobile
251
Mobile
251
Mobile
251
Eight Mile
251
Mobile
251
Mobile
251
Mobile
251
Mobile
251
Mobile
251
Mobile
251
Mobile
251
Mobile
251
Mobile
251
Mobile
251
Mobile
251
Zip Code
36640
36641
36644
36652
36660
36663
36670
36671
36675
36685
36688
36689
36690
36691
36693
36695
City
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Area Code
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
58 Total
Mobile Office Properties
Advertised For Lease
Summer 2011
Asking Lease Rate per S.F. by Zipcode
Table 1.
Zipcode
36571
36571
36571
36572
36582
36582
36582
36582
36582
36582
36590
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
Asking Lease S.F.
$13.25
$4.00
$12.00
$4.50
$8.40
$8.40
$8.00
$12.00
$8.00
$5.00
$3.50
$17.50
$16.00
$14.00
$14.50
$10.50
$12.00
$16.00
$16.00
$16.00
$14.00
Total Advertised
S.F.
3,600
12,000
5,000
6,300
8,750
19,000
40,000
14,500
20,000
12,132
39,000
7,716
13,200
105,226
284,000
$14.00
$10.63
2,040
2,820
9,200
$6.00
$16.00
25,000
6,000
Mobile Office Properties
Advertised For Lease
Summer 2011
Asking Lease Rate per S.F. by Zipcode
Table 1.
Zipcode
Asking Lease S.F.
Total Advertised
S.F.
36602
36603
36603
36605
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36607
36607
36607
36608
36608
36608
36608
36609
36609
36609
36609
$12.00
5,000
$16.00
$3.00
$10.00
$14.00
1,500
200,000
$17.50
$10.00
$4.50
$5.96
$12.00
$12.00
$14.00
$6.00
$25.00
$12.00
$10.28
$10.00
$8.50
$8.50
$10.00
$1.17
$10.00
$13.50
$10.00
$13.50
117,565
2,040
80,000
10,300
9,600
9,060
5,600
2,150
32,391
1,500
3,500
4,800
6,824
1,400
9,570
9,570
8,946
4,263
11,100
20,000
127,766
Mobile Office Properties
Advertised For Lease
Summer 2011
Asking Lease Rate per S.F. by Zipcode
Table 1.
Zipcode
Asking Lease S.F.
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36610
36610
36618
36618
36618
36618
36619
36619
36619
$14.00
$14.00
$12.00
$10.00
$9.00
$13.25
$6.38
$9.99
$10.71
$12.00
$12.00
$12.50
$13.00
$17.00
$12.00
$58.00
$12.00
$15.00
$15.00
Total Advertised
S.F.
99,616
55,944
7,700
12,000
3,055
1,400
3,600
1,250
4,740
3,795
174,321
4,400
3,600
50,000
5,000
$16.00
$10.00
$12.00
$2.75
$12.00
$10.00
$10.67
60,000
4,060
11,700
1,836
$13.50
$11.00
$7.00
7,500
21,800
Mobile Office Properties
Advertised For Lease
Summer 2011
Asking Lease Rate per S.F. by Zipcode
Table 1.
Zipcode
Asking Lease S.F.
36619
36688
36693
36693
36693
36693
36693
36693
36693
36693
36693
36695
36695
36695
36695
36695
36695
36695
36695
36695
36695
36695
36695
36695
Median
Properties
Reporting
$12.00
$18.00
$10.00
$10.00
$8.50
$13.50
$10.45
$10.00
$13.00
$12.00
$12.00
$6.13
$16.30
Total Advertised
S.F.
27,000
770
8,000
7,000
1,200
4,000
12,000
4,932
7,500
1,680
$10.00
3,250
3,696
16,697
4,000
29,070
$12.00
$7,708.00
93
80
Mobile Office Properties
Advertised For Lease
Summer 2011
Calculated Vacancy Rate by Zipcode
Table 2.
Zipcode
36571
36571
36572
36582
36582
36582
36582
36582
36590
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
Total Advertised Advertised
Calculated
S.F.
Available S.F. Vacancy Rate (%)
1,750
20,000
3,600
900
25%
12,000
12,000
100%
5,000
5,000
100%
3,350
6,300
1,050
17%
8,750
8,750
100%
2,928
19,000
4,100
22%
50,000
40,000
14,500
2,500
17%
10,000
20,000
20,000
100%
12,132
12,132
100%
39,000
2,726
7%
3,690
7,716
7,716
100%
13,200
3,300
25%
105,226
284,000
60,000
21%
62,632
2,040
2,040
100%
2,820
2,820
100%
9,200
18,000
25,000
25,000
100%
6,000
1,500
25%
5,000
5,000
100%
Mobile Office Properties
Advertised For Lease
Summer 2011
Calculated Vacancy Rate by Zipcode
Table 2.
Zipcode
36603
36603
36605
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36607
36607
36607
36608
36608
36608
36609
36609
36609
36609
Total Advertised Advertised
Calculated
S.F.
Available S.F. Vacancy Rate (%)
1,500
200,000
117,565
2,040
80,000
10,300
9,600
9,060
5,600
2,150
32,391
1,500
3,500
4,800
6,824
1,400
9,570
9,570
8,946
4,263
11,100
20,000
127,766
9,800
1,500
1,000
11,531
2,040
23,000
7,300
2,300
2,400
9,060
3,000
5,600
2,150
32,391
3,500
1,200
6,824
3,100
9,570
9,570
8,946
1,475
750
2,550
4,400
4,800
11,145
100%
10%
100%
29%
71%
25%
100%
100%
100%
100%
100%
25%
100%
100%
100%
100%
35%
23%
24%
9%
Mobile Office Properties
Advertised For Lease
Summer 2011
Calculated Vacancy Rate by Zipcode
Table 2.
Zipcode
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36610
36610
36618
36618
36618
36618
36619
Total Advertised Advertised
Calculated
S.F.
Available S.F. Vacancy Rate (%)
99,616
55,944
7,700
12,000
3,055
1,400
3,600
1,250
4,740
3,795
174,321
4,400
3,600
50,000
5,000
21,800
60,000
4,060
11,700
1,836
12,466
3,869
5,000
4,620
10,000
3,000
3,200
3,055
100%
3,600
100%
4,740
2,530
22,993
4,400
7,769
11,985
1,800
11,600
7,350
5,000
8,850
21,800
7,276
60,000
4,060
11,700
1,836
1,200
25,636
100%
67%
13%
100%
13%
7%
60%
83%
50%
23%
100%
100%
100%
100%
100%
100%
Mobile Office Properties
Advertised For Lease
Summer 2011
Calculated Vacancy Rate by Zipcode
Table 2.
Zipcode
36619
36619
36619
36688
36693
36693
36693
36693
36693
36693
36693
36693
36695
36695
36695
36695
36695
36695
36695
36695
36695
36695
36695
36695
Total
Median
Properties
Reporting
Total Advertised Advertised
Calculated
S.F.
Available S.F. Vacancy Rate (%)
7,500
27,000
770
8,000
7,000
1,200
4,000
12,000
4,932
7,500
1,680
4,300
7,500
1,500
25,000
8,000
1,050
770
3,150
7,000
1,200
1,260
4,932
1,250
2,500
1,988,041
7,708
15,000
3,250
3,307
16,697
1,200
10,210
6,300
926,497
4,740
80
103
3,250
3,696
16,697
4,000
29,070
100%
30%
100%
39%
100%
100%
100%
33%
100%
89%
100%
30%
35%
Mobile Office Properties
Advertised For Lease
Summer 2011
Total Market of Office Properties Advertised For Lease
Table 3.
Zip
Code
Property Name
36571 14 Highway 43
Location
14 Hwy 43
City
Yr Blt
Yr
#
Parking
Reno Floors
Total
S.F.
Price S.F.
Avail
S.F.
Agent / Phone
James Henderson
251-442-2194
Saraland
36571 Industrial Parkway Center 710 Industrial Parkway
Saraland
2005
36571 Sawyer Furniture Building 207 Highway 43 N.
Saraland
1
36572 5717 Hwy. 43
5717 Hwy. 43
Satsuma
1
36582 5721 Hwy 90
5721 Hwy 90 W
Theodore
2001
1
Free
36582 5784 Hwy 90 W
5784 Hwy 90 W
Theodore
1997
1
Free
6,300
36582 Spanish Trail Court
6250 Spanish Trail Court
Theodore
1
Free
12,000
36582 THEODORE DAWES
7250 & 7260 Theodore
Dawes Road
Theodore
1
Ample
8,750
36582 Plantation Square
6095 - 6105 Old
Pascagoula Rd
Theodore
3,600
$13.25
1,750
John Delchamps
251-476-0808
$4.00
20,000
John Delchamps
251-476-0808
$12.00
900
Holly Shirley
251-300-3397
3,350
Angela Mcarthur
251-639-4007
$8.40
1,050
David Cooper
251-639-4007
$4.50
12,000
Marl Cummings Iv
251-476-6000
8,750
Tammy Adcock
251-438-4312
Terry Mckinney
251-460-0910
$8.00
36582 5520-1 Business ParkWay 5520-1 Business Parkway
Theodore
2001
1
36590 Theodore Office Space
5973 HWY. 90 W
Theodore
1955
36602 304 Government Street
304 Government Street
Mobile
36602 Fort Conde Village
200, 206 S Royal Street
Mobile
36602 LaClede Office Building
150 Government Street
Mobile
36602 305 Delchamps Dr.
305 Delchamps Drive
Mobile
36602 THE BAYPORT BUILDING
5 Dauphin Street
Mobile
36602 653 St Louis
653 St Louis St
Mobile
1
36602 Dauphin St
3 Dauphin St
Mobile
2
5,000
2011
2005
3
3
1904
Free
1985
$8.40
5,000
Tony Cooper,
Ccim 251-6394007
$12.00
2,928
Rob Copeland
251-928-4224
$5.00
50,000
Adam Metcalfe
251-432-2600
Free
12,132
$14.00
12,132
Allan R. Cameron,
Jr. 251-438-4312
Leased
39,000
$14.50
2,726
Allan R. Cameron,
Jr. 251-438-4312
40,000
$3.50
14,500
$17.50
2,500
Brian Metcalfe
251-432-2600
25,000
$6.00
25,000
Gavin Bender
6,000
$16.00
1,500
Gavin Bender
3
Free
Brian Metcalfe
251-432-2600
Mobile Office Properties
Advertised For Lease
Summer 2011
Total Market of Office Properties Advertised For Lease
Table 3.
Zip
Code
Property Name
Location
City
Yr Blt
Yr
#
Parking
Reno Floors
36602 Civic Center Dr
456 Civic Center Dr
Mobile
36602 Wachovia Bank Building
61 St. Joseph Street
Mobile
36602 202 Government Street
202 Government Street
Mobile
3
Free
Mobile
2
Leased
36602
Downtown Mobile Office
54-56 St. Emanuel Street
for Sale or Lease
2
36602 One St. Louis Centre
1 St Louis Street
Mobile
36602 St. Joseph Street
59 St. Joseph Street
Mobile
36602 Regions Bank Building
106 St. Francis
Mobile
36602 450 Government Street
458Government Street
Mobile
1997
36602 Ft. Conde Office Space
200 S. Royal Street
Mobile
2001
601 Church St
Mobile
36602 3 Dauphin Street
3 Dauphin Street
Mobile
36602 3 Dauphin Street
3 Dauphin Street
Mobile
36602 Two South Water Street
Two South Water Street,
4th Floor
Mobile
36602 401 Dauphin Street
401 Dauphin Street
Mobile
36602 Parkview Plaza
182 Saint Francis Street,
Ste 303
Mobile
36603 354 St. Emanuel Street
354 St. Emanuel Street
Mobile
805 Church Street
Mobile
36602
Church Street Office
Building
36603
Church Street
Office/Warehouse
36605
Dauphin Island Parkway & 1600 Dauphin Island
I-10
Parkway
Mobile
Free
1986
Total
S.F.
Price S.F.
Avail
S.F.
Agent / Phone
5,000
$12.00
5,000
Gavin Bender
$14.00
62,632
Jill Meeks
251-342-7229
$16.00
10,000
John D. Peebles
251-438-4312
20,000
John D. Peebles
251-438-4312
20,000
105,226
John Toomey
251-342-7229
$16.00
John Vallas
251-344-1444
2
Leased
284,000
$16.00
60,000
Josh Hall
251-342-7229
1
Free
19,000
$8.00
4,100
Michael Mcaleer
251-432-1854
1
Free
2,040
$14.00
2,040
Pete Riehm
251-438-4312
2,820
$10.63
2,820
Pratt Thomas
251-476-0808
$10.50
3,690
Ralph Neal, Iii
251-602-1403
2
1854
1979
2
Not
Available
7,716
$12.00
7,716
Ralph Neal, Iii
251-602-1403
4
Free
13,200
$16.00
3,300
Ralph Neal, Iii
251-602-1403
2
2006
2
Todd Drummond
251-694-1180
9,200
Free
1,500
$16.00
Free
1
200,000
$3.00
18,000
Todd Drummond
251-694-1180
1,500
David Dexter
251-471-1000
9,800
John D. Peebles
251-438-4312
Marl Cummings,
Iii 251-476-6000
Mobile Office Properties
Advertised For Lease
Summer 2011
Total Market of Office Properties Advertised For Lease
Table 3.
Zip
Code
Total
S.F.
Avail
S.F.
Agent / Phone
2,040
Adam Metcalfe
251-432-2600
City
36606 2300 Airport Blvd.
2300-C Airport Boulevard
Mobile
36606 Xante’ Center
2800 Dauphin Street
Mobile
36606 311 South Sage Avenue
311 South Sage Avenue
Mobile
36606 Hilton Square
3103 Airport Blvd.
Mobile
36606 Tacon Street
32 Tacon Street
Mobile
36606 Medical Office Building
1563 Springhill Ave.
Mobile
1
10,300
36606 Old Government Street
2150 Old Government
Street
Mobile
1
1,500
2507 Commercial Park
Drive
Mobile
36606 3350 Halls Mill Road
3350 Halls Mill Road
Mobile
1
Ample
9,600
$4.50
2,400
36606 63 Midtown Park East
63 Midtown Park East
Mobile
2
Ample
9,060
$5.96
9,060
36606 Airport Boulevard (3102) 3102 Airport Boulevard
Mobile
1
2,150
$14.00
2,150
Marl Cummings Iv
251-476-6000
36606 Executive Park (801)
801 Executive Park
Mobile
2
Free
$12.00
3,000
Marl Cummings,
Iii 251-476-6000
36606 Dauphin Street (2513)
2513 Dauphin Street
Mobile
2
Free
5,600
$12.00
5,600
Marl Cummings,
Iii 251-476-6000
36606 Dauphin Street (3050)
3050 Dauphin Street
Mobile
1
32,391
$6.00
32,391
Matt Cummings
251-476-6000
2 N Florida St.
Mobile
1
Free
1,400
$10.28
36606 Airport Boulevard
3156 Airport Boulevard
Mobile
Free
3,500
$25.00
3,500
Terry Mckinney
251-460-0910
36606 328 South Sage Ave.
328 South Sage Ave.
Mobile
$10.00
1,000
Tommy Gleason
Jr. 251-342-1636
36607 I-65 Office/Warehouse
262 Furr Street
Mobile
$8.50
9,570
Don Parden
251-554-1941
36606
2507 Commercial Park
Drive
Dauphin and Florida
Street
Yr Blt
Yr
#
Parking
Reno Floors
Location
36606
Property Name
Price S.F.
2,040
1978
Free
1
1985
Free
80,000
$17.50
23,000
Brian Metcalfe
251-432-2600
4,800
$12.00
1,200
David Dexter
251-471-1000
117,565
$14.00
11,531
Jason Scott
251-342-7229
6,824
Jeremy B. Milling,
Ccim 251-4711000
7,300
John Delchamps
251-476-0808
6,824
$10.00
John Vallas
251-344-1444
Ample
1970
1989
2005
2
Free
2,300
9,570
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Pratt Thomas
251-476-0808
Mobile Office Properties
Advertised For Lease
Summer 2011
Total Market of Office Properties Advertised For Lease
Table 3.
Zip
Code
Property Name
Location
City
Yr Blt
Yr
#
Parking
Reno Floors
Total
S.F.
Price S.F.
Avail
S.F.
Agent / Phone
1990
2005
9,570
$8.50
9,570
Don Parden
251-554-1941
$10.00
3,100
Tammy Adcock
251-438-4312
8,946
David Cooper
251-639-4007
750
Gavin Bender
1,475
Richard Mann
251-300-3396
36607
I-65 Service Road at
Spring Hill Ave.
262 Furr St
Mobile
36607
Spacious Springhill
Avenue Office
3213 Springhill Avenue
Mobile
36608 660 Zeigler Circle E
660 Zeigler Circle E
Mobile
36608 Professional Office
4634 Bit and Spur Rd
Mobile
36608 3475 Springhill Avenue
3475 Springhill Avenue
Mobile
36608
Yester Oaks Shopping
Center
Airport Blvd at I-65
Mobile
36609
Professional Office
Building
4300 Downtowner Loop
Mobile
36609
4087 Cottage Hill Office
Space
4087 Cottage Hill Rd.
Mobile
36609 4377 Downtowner Loop S
4377 Downtowner Loop
S
Mobile
36609 5920 Grelot Rd
5920 Grelot Rd
Mobile
36609 709 Azalea Road
709 Azalea Road
Mobile
36609 1212 Montlimar Dr
1212 Montlimar Drive AB,D
1987
2
Free
1
Ample
1
1973
8,946
2
Free
1
Free
4,263
1
$10.00
$12.00
1
1,400
$10.71
5,000
Allan R. Cameron,
Jr. 251-438-4312
Angela Mcarthur
251-639-4007
Ample
3,600
$12.00
1
Free
1,250
$12.00
1999
2
Ample
4,740
$12.50
4,740
David Cooper
251-639-4007
Mobile
2009
1
Free
3,795
$13.00
2,530
David Cooper
251-639-4007
Suite E
Mobile
1980
1
Free
20,000
$10.00
4,800
David Stein
251-342-1968
36609 500 Boulevard Park East
500 Boulevard Park East
Mobile
Free
$12.00
7,769
Gavin Bender
36609 664 University Blvd.
664 University Blvd.
Mobile
Free
$58.00
11,985
Gavin Bender
4373 Downtowner Loop
S
Mobile
1
Free
3,600
$12.00
1,800
Gavin Bender
36609 Executive Center
917 Western America
Circle
Mobile
5
Free
50,000
$15.00
11,600
Gavin Bender
36609 Executive Center
900 Western America
Circle
Mobile
$15.00
7,350
Gavin Bender
36609
4318 Downtowner Loop
North
Downtowner Loop S
office
2005
Free
3,600
Angela Mcarthur
251-639-4007
1
36609
2001
Terry Mckinney
251-460-0910
$1.17
Angela Mcarthur
251-639-4007
Mobile Office Properties
Advertised For Lease
Summer 2011
Total Market of Office Properties Advertised For Lease
Table 3.
Zip
Code
Property Name
36609 Hutson Dr
Location
City
Yr Blt
1126 Hutson Dr
Mobile
1141 Montlimar Drive
Mobile
36609 I-65 Service Rd
1558 I-65 Service Rd W
Mobile
36609 Bel Air Park
2970 Cottage Hill Road
Mobile
1977
36609 Regions Bank Tower
851 East I-65 Svc. Rd.
South
Mobile
1970
36609 University Place
820 University Boulevard
Mobile
1985
36609
PARAMOUNT OFFICE
CENTER
36609 Omni Park Office Complex 6170 Omni Park Drive
Mobile
36609 Hillcrest Office Park
6414 Hillcrest Park Court
Mobile
36609 Midmost Office Building
4324 Midmost Drive
36609 Montlimar Building
Yr
#
Parking
Reno Floors
1
Total
S.F.
Avail
S.F.
Agent / Phone
5,000
Gavin Bender
$16.00
8,850
Gavin Bender
21,800
$10.00
21,800
Gavin Bender
127,766
$13.50
11,145
Jason Scott
251-342-7229
Free
99,616
$14.00
12,466
Jason Scott
251-342-7229
Free
55,944
$14.00
3,869
Jason Scott
251-342-7229
Free
4,400
4,400
Joe Steen
251-607-7880
Free
5,000
Free
2
2004
10
1
Free
Price S.F.
1
7,700
$10.00
4,620
John Delchamps
251-476-0808
Mobile
2
12,000
$9.00
10,000
John Delchamps
251-476-0808
1218 Montlimar Drive
Mobile
1
$13.25
3,000
John Delchamps
251-476-0808
36609 Montlimar Place
1110 Montlimar Drive
Mobile
$17.00
22,993
John Toomey
251-342-7229
36609 733 West Lakeside Drive
733 West Lakeside Drive
Mobile
$6.38
3,200
800 Downtowner Blvd.
Loop West
Mobile
36609 Montlimar Square
1015 Montlimar B,C and
D
Mobile
36609 Omni Park Drive
6159 Omni Park Drive
Mobile
36610 1310 Telegraph Road
1310 Telegraph Road
Mobile
2201 Paper Mill Road
Mobile
4057 Moffet Rd Ste E
Mobile
36609
36610
800 Downtowner Blvd.
Loop West
Property on Paper Mill
Road
36618 4057 Moffett Rd
2004
1986
174,321
Ample
1989
2002
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
1
Free
3,055
$9.99
3,055
2
Free
11,100
$10.00
2,550
Tommy Gleason
Jr. 251-342-1636
$13.50
4,400
Tommy Gleason
Jr. 251-342-1636
$2.75
60,000
Mike Mcaleer
251-473-7517
$12.00
7,276
Pete Riehm
251-438-4312
1,200
Angela Mcarthur
251-639-4007
1
Free
60,000
Mobile Office Properties
Advertised For Lease
Summer 2011
Total Market of Office Properties Advertised For Lease
Table 3.
Zip
Code
Property Name
Location
City
Yr Blt
Yr
#
Parking
Reno Floors
Total
S.F.
Price S.F.
Avail
S.F.
Agent / Phone
36618 1351 University Blvd N.
1351 N. University Blvd
Mobile
2010
1
Free
11,700
$10.00
11,700
David Cooper
251-639-4007
36618 1395 University Blvd N
1395 University Blvd
North
Mobile
2006
1
Ample
1,836
$10.67
1,836
David Cooper
251-639-4007
36618 Moffett Road (3828)
3828 Moffett Road
Mobile
1
4,060
$12.00
4,060
Matt Cummings
251-476-6000
36619 Rangeline Road Office
4690 Rangeline Road
Mobile
1
Free
7,500
$7.00
7,500
John Vallas
251-344-1444
36619 Patmos Plaza
5238 Highway 90
Mobile
1
Free
$12.00
1,500
John Vallas
251-344-1444
36619 Southern Way (1)
1 Southern Way
Mobile
1
Free
$13.50
25,636
Marl Cummings Iv
251-476-6000
36619 Oaks Tillmans Corner
5650 Old Pascagoula
Road
theodore
2006
1
Free
$11.00
4,300
Ralph Neal, Iii
251-602-1403
775 N. University Blvd
Mobile
2007
2
Free
$18.00
25,000
Jason Scott
251-342-7229
3747 Government
Boulevard
Mobile
$10.00
8,000
Adam Metcalfe
251-432-2600
3950 Demetropolis Rd.
Mobile
7,000
James Henderson
251-442-2194
36693 OFFICE
4380 HALLS MILL ROAD
MOBILE
36693 901 Butler Drive
901 Butler Drive
Mobile
36693 O'Neill Building
1540 West I-65 Service
Road South
Mobile
1
770
$10.00
770
36693 Lakeside Drive W
121-A Lakeside Drive W
Mobile
1
1,200
$8.50
1,200
36693 3700 Demotropolis Rd
3700 Demotropolis Rd
Mobile
36693 3709 Lakesdie Dr S
3709 Lakeside Dr S, Suite
C
Mobile
36693 4080 Government Blvd.
4080 Government Blvd
Mobile
36695 851 E. I-65 Service Rd. S.
851 E. Interstate 65
Service Rd. S.
Mobile
36688
USA Research &
Technology Park
36693 3747 Government Blvd.
36693
Mobile Warehouse
Location
27,000
2007
1
7,000
2
4,000
Jerry Stewart
251-666-2705
Free
1,050
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Matthew Garrard
251-476-6000
Todd Drummond
251-694-1180
12,000
Todd Drummond
251-694-1180
1962
1
Free
8,000
$13.50
3,150
Tony Cooper,
Ccim 251-6394007
1,260
Adam Metcalfe
251-432-2600
Mobile Office Properties
Advertised For Lease
Summer 2011
Total Market of Office Properties Advertised For Lease
Table 3.
Zip
Code
36695
Property Name
Location
Former Terminix Building
7860 Cottage Hill Road
(CHR)
City
Yr Blt
Mobile
2001
Yr
#
Parking
Reno Floors
1
Ample
Total
S.F.
Price S.F.
Avail
S.F.
Agent / Phone
4,932
$10.45
4,932
Allan R. Cameron,
Jr. 251-438-4312
Angela Mcarthur
251-639-4007
36695 5920 Grelot Rd
5920 Grelot Rd
Mobile
$12.00
36695 6420 Hillcrest Park Ct.
6420 Hillcrest Park Ct.
Mobile
1999
1
3,250
$12.00
3,250
Angela Mcarthur
251-639-4007
36695 6425 Hillcrest Rd. Ste. A
6425 Hillcrest Rd. Ste. A
Mobile
2002
1
3,696
$6.13
3,307
Angela Mcarthur
251-639-4007
36695 2344 Schillinger Rd. S
2344 Schillinger Rd. S
Mobile
2008
1
Ample
16,697
$16.30
16,697
Angela Mcarthur
251-639-4007
36695 7695 Cottage Hill
7695 Cottage Hill Rd. Ste
C
Mobile
1
Free
4,000
1,200
Angela Mcarthur
251-639-4007
36695 1210 Hillcrest Rd
1210 Hillcrest Rd
Mobile
2
15,000
Bob Cooper
251-639-4007
36695 Summit Court
7735 Summit Court
Mobile
1
1,250
John Delchamps
251-476-0808
36695 Hillcrest Square
1000 Hillcrest Road
Mobile
36695 1105 Hillcrest Road
1105 Hillcrest Road
Mobile
2
36695 Hillcrest Road (881)
881 Hillcrest Road
Mobile
1
36695 Highland Park
2350 Schillinger Rd S
Mobile
$13.00
29,070
$10.00
10,210
John Toomey
251-342-7229
Free
7,500
$10.00
2,500
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Free
1,680
Marl Cummings Iv
251-476-6000
6,300
Pratt Thomas
251-476-0808
Mobile Office Properties
Advertised For Sale
Summer 2011
Advertised Sale Price and Square Foot Zip Code
Table 4.
Zip Code
Advertised Sales
Price
36505
36560
36560
36571
36571
36572
36582
36602
36602
36602
36602
36602
36602
36602
36602
36602
36603
36603
36604
36604
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
$139,000
$79,000
$149,000
$399,000
$299,000
$285,000
$449,900
$1,000,000
$350,000
$1,500,000
$995,000
$500,000
$975,000
$600,000
Call For Pricing
$330,000
$460,000
$389,000
$399,000
$995,000
$225,000
$195,000
$575,000
$125,000
$125,000
$495,000
$160,000
$660,000
$775,000
$47,892
$550,000
Advertised S.F.
1,284
908
1,760
3,760
3,600
8,750
3,500
40,000
28,000
25,000
20,000
2,820
1,500
2,018
4,311
75,000
1,600
1,300
10,300
1,628
9,060
2,000
5,600
1,400
Mobile Office Properties
Advertised For Sale
Summer 2011
Advertised Sale Price and Square Foot Zip Code
Table 4.
Zip Code
Advertised Sales
Price
36606
36606
36607
36607
36607
36608
36608
36608
36608
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36610
36612
36618
36618
36619
36619
36619
36693
36693
36693
36693
36693
$224,000
$439,000
$975,000
$739,000
$1,500,000
$1,850,000
$425,000
$1,749,000
$345,000
$250,000
$930,000
$750,000
$700,000
$1,200,000
$695,000
$490,000
$549,000
$395,000
$110,000
Call For Pricing
$250,000
$399,000
$199,000
$95,000
$490,000
$2,650,000
$1,650,000
$250,000
$199,000
$254,000
$685,000
Advertised S.F.
2,427
4,000
9,570
15,000
8,946
7,798
6,500
21,800
4,400
12,000
8,750
6,000
60,000
2,938
4,060
2,500
984
7,500
28,800
5,200
7,000
4,000
13,358
Mobile Office Properties
Advertised For Sale
Summer 2011
Advertised Sale Price and Square Foot Zip Code
Table 4.
Zip Code
36693
36695
36695
36695
36695
Median
Properties
Reporting
Advertised Sales
Price
Advertised S.F.
$289,000
$830,000
$400,000
$750,000
$195,000
$439,000
16,697
4,657
7,500
3,600
5,200
65
51
Mobile Office Properties
Advertised For Sale
Summer 2011
Table 5.
Advertised Sales Price per Square Foot by Zip Code
Zip Code
Advertised
Sales Price
36505
36560
36560
36571
36571
36572
36582
36602
36602
36602
36602
36602
36602
36602
36602
36602
36603
36603
36604
36604
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
$139,000
$79,000
$149,000
$399,000
$299,000
$285,000
$449,900
$1,000,000
$350,000
$1,500,000
$995,000
$500,000
$975,000
$600,000
Call For Pricing
$330,000
$460,000
$389,000
$399,000
$995,000
$225,000
$195,000
$575,000
$125,000
$125,000
$495,000
$160,000
$660,000
$775,000
$47,892
Building
S.F.
Site S.F.
Acreage
Calculated
Calculated Sales
Price per Site Sales Price per
S.F.
Bldg S.F.
0.33
908
1,760
2
3,760
900
8,750
37,000
1,750
0
1
1.9
0
$87.00
$84.66
$747,500.00
$558,823.53
$79.52
$316.67
$51.42
$27.03
$200.00
0.25
2.43
2
10,000
19,100
25,000
20,000
2,820
1,500
2,018
4,311
$39,898.99
$789,473.68
$50.00
$51.05
$24.00
0.59
0.3
0.5
1
0
0
2
1.27
$460,000.00
$1,556,000.00
$117.02
$306.67
$192.77
$92.55
$409,465.02
0.51
1.1
$78.77
7,300
0
2,300
9,060
3,000
5,600
1
$500,000.00
23.1
0.55
1.8
$990,000.00
$54.35
$54.64
$220.00
$138.39
Mobile Office Properties
Advertised For Sale
Summer 2011
Table 5.
Advertised Sales Price per Square Foot by Zip Code
Zip Code
Advertised
Sales Price
36606
36606
36606
36607
36607
36607
36608
36608
36608
36608
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36610
36612
36618
36618
36619
36619
36619
36693
36693
36693
$550,000
$224,000
$439,000
$975,000
$739,000
$1,500,000
$1,850,000
$425,000
$1,749,000
$345,000
$250,000
$930,000
$750,000
$700,000
$1,200,000
$695,000
$490,000
$549,000
$395,000
$110,000
Call For Pricing
$250,000
$399,000
$199,000
$95,000
$490,000
$2,650,000
$1,650,000
$250,000
$199,000
Calculated
Calculated Sales
Price per Site Sales Price per
S.F.
Bldg S.F.
Building
S.F.
Site S.F.
9,570
1
$1,136,923.08
$77.22
8,946
7,798
2,000
6,500
11,874
7,769
11,985
21,800
4,400
10,000
8,750
6,000
1
$334,645.67
0
2
$1,666,666.67
$443,037.97
1
1
1
$490,000.00
$499,090.91
$359,090.91
$47.51
$224.29
$172.50
$38.46
$78.32
$96.54
$58.41
$55.05
$157.95
$49.00
$62.74
$65.83
5
1
$308,641.98
60,000
2,938
4,060
984
7,500
25,636
28,800
7,000
23
2
1
Acreage
$114,718.61
$916,666.67
$378,787.88
$85.09
$98.28
$96.54
$65.33
$103.37
$57.29
$28.43
Mobile Office Properties
Advertised For Sale
Summer 2011
Table 5.
Advertised Sales Price per Square Foot by Zip Code
Zip Code
Advertised
Sales Price
36693
36693
36693
36695
36695
36695
36695
Median
$254,000
$685,000
$289,000
$830,000
$400,000
$750,000
$195,000
$439,000
Properties
Reporting
16
Median Sales per Site S.F.
Median Sales per Bldg S.F.
Building
S.F.
Site S.F.
Acreage
Calculated
Calculated Sales
Price per Site Sales Price per
S.F.
Bldg S.F.
0
16,697
1
3
5
$685,000.00
$96,333.33
$178,111.59
$49.71
7,500
3,600
$7,300
0
0
$1
$1
$3,000,000.00
$419,354.84
$490,000
$100.00
$54.17
$79
45
27
14
25
42
$558,823.53
$84.66
Mobile Office Properties
Advertised For Sale
Summer 2011
Table 6.
Total Market of Office Properties Advertised for Sale
Zip Property Name
Address
City
Sale Price
Total
S.F.
Axis
139,000
1,284
Total S.F.
Agent / Phone
Available
James Henderson
251-442-2194
36505
11416 Old US Highway 43
11416 Old US Hwy 43
36560
Sims St
22044 Sims St
Mt Vernon
$79,000
908
908
James Henderson
251-442-2194
36560
1240 Mildred St
1240 Mildred St
Mt Vernon
$149,000
1,760
1,760
James Henderson
251-442-2197
36571
14 Highway 43
14 Hwy 43
Saraland
$399,000
36571
360 & 370 Highway 43
360 & 370 Highway 43
Saraland
$299,000
3,760
3,760
36572
5717 Hwy. 43
5717 Hwy. 43
Satsuma
$285,000
3,600
900
36582
THEODORE DAWES
7250 & 7260 Theodore
Dawes Road
Theodore
$449,900
8,750
8,750
Tammy Adcock
251-438-4312
36602
Entire City Block For Sale
853 Dauphin Street
Mobile
$1,000,000
37,000
Allan R. Cameron, Jr.
251-438-4312
36602
Historic Downtown Office
Building
261 N. Joachim STreet
Mobile
$350,000
3,500
1,750
Allan R. Cameron, Jr.
251-438-4313
36602
305 Delchamps Dr.
305 Delchamps Drive
Mobile
$1,500,000
40,000
Brian Metcalfe
251-432-2600
36602
Staples Pake Building (100
N Royal St)
100 N Royal St
Mobile
$995,000
28,000
Burton Clark
251-476-6000
36602
Dauphin Street (115) (Kress
115 Dauphin Street
Bldg.)
Mobile
$500,000
10,000
Burton Clark
251-476-6001
36602
Royal Street South (18)
(Kress Bldg.)
18 Royal Street South
Mobile
$975,000
19,100
Burton Clark
251-476-6002
36602
653 St Louis
653 St Louis St
Mobile
$600,000
25,000
25,000
Gavin Bender
36602
Downtown Mobile Office
for Sale or Lease
54-56 St. Emanuel Street
Mobile
Call For Pricing
20,000
20,000
John D. Peebles
251-438-4312
36602
Church Street Office
Building
601 Church St
Mobile
$330,000
2,820
2,820
Pratt Thomas
251-476-0808
36603
354 St. Emanuel Street
354 St. Emanuel Street
Mobile
$460,000
1,500
1,500
David Dexter
251-471-1000
36603
Robinson Memorial
Building
257 State Street
Mobile
$389,000
2,018
2,018
Paula Knodel
251-928-2109
36604
Historical Office Building
1706 Dauphin St.
Mobile
$399,000
4,311
4,311
Chip Brown
251-626-1970
36604
951 Government Street
951 Government Street
Mobile
$995,000
75,000
John Vallas
251-344-1446
36606
2718 Dauphin Street
2718 Dauphin Street
Mobile
$225,000
1,600
Brian Metcalfe
251-432-2601
36606
2756 Dauphin Street
2756 Dauphin Street
Mobile
$195,000
1,300
Brian Metcalfe
251-432-2602
James Henderson
251-442-2194
Joseph G. (Joey)
Betbeze, Jr.
251-476-4115
Holly Shirley
251-300-3397
Mobile Office Properties
Advertised For Sale
Summer 2011
Table 6.
Total Market of Office Properties Advertised for Sale
Zip Property Name
Address
City
Sale Price
Total
S.F.
Total S.F.
Agent / Phone
Available
7,300
John Delchamps
251-476-0808
36606
Medical Office Building
1563 Springhill Ave.
Mobile
$575,000
10,300
36606
2208 Government Street
2208 Government Street
Mobile
$125,000
1,628
36606
2507 Commercial Park
Drive
2507 Commercial Park Drive
Mobile
$125,000
36606
63 Midtown Park East
63 Midtown Park East
Mobile
$495,000
9,060
36606
Pleasant Valey Road (2700) 2700 Pleasant Valley Road
Mobile
$160,000
2,000
36606
Executive Park (801)
801 Executive Park
Mobile
$660,000
36606
Dauphin Street (2513)
2513 Dauphin Street
Mobile
$775,000
36606
Azalea Road - Lot 5
563 Azalea Road - Lot 5
Mobile
$47,892
36606
Dauphin and Florida Street 2 N Florida St.
Mobile
$550,000
1,400
Pratt Thomas
251-476-0809
36606
Cottage Hill Road office
3154 Cottage Hill Road
Mobile
$224,000
2,427
Sharon Wright
251-471-1000
36606
3116 Airport Blvd
3116 Airport Blvd
Mobile
$439,000
4,000
Todd Drummond
251-694-1180
36607
Interstate-65 Service Road
212 Interstate-65 Service
Road North
Mobile
$975,000
36607
I-65 Office/Warehouse
262 Furr Street
Mobile
$739,000
9,570
36607
15000 SF Bldg on Broad
Street, Mobile
1514 S Broad Street
Mobile
$1,500,000
15,000
36608
Airport Boulevard (6576)
6576 Airport Boulevard
Mobile
$1,850,000
36608
660 Zeigler Circle E
660 Zeigler Circle E
Mobile
$425,000
8,946
8,946
David Cooper
251-639-4007
36608
Airport Blvd
3871 Airport Blvd
Mobile
$1,749,000
7,798
7,798
James Henderson
251-442-2198
36608
Airport Blvd (7125)
7125 Airport Blvd.
Mobile
$345,000
2,000
Matthew Garrard
251-476-6000
36609
442 Azalea Rd
442 Azalea Rd
Mobile
$250,000
6,500
Angela Mcarthur
251-639-4007
36609
664 University Blvd.
664 University Blvd.
Mobile
$930,000
11,874
David Cooper
251-639-4008
36609
500 Boulevard Park East
500 Boulevard Park East
Mobile
$750,000
7,769
Gavin Bender
John Vallas
251-344-1444
9,060
Joseph G. (Joey)
Betbeze, Jr.
251-476-4112
Joseph G. (Joey)
Betbeze, Jr.
251-476-4113
Marl Cummings Iv
251-476-6001
3,000
Marl Cummings, Iii
251-476-6000
5,600
Marl Cummings, Iii
251-476-6001
2,300
5,600
Marl Cummings, Iii
251-476-6002
Adam Metcalfe
251-432-2600
9,570
Don Parden
251-554-1941
Joe Steen
251-607-7880
Burton Clark
251-476-6003
6,500
Mobile Office Properties
Advertised For Sale
Summer 2011
Table 6.
Total Market of Office Properties Advertised for Sale
Zip Property Name
Address
City
Sale Price
36609
664 University Blvd.
664 University Blvd.
Mobile
$700,000
36609
I-65 Service Rd
1558 I-65 Service Rd W
Mobile
$1,200,000
36609
Omni Park Office Complex
6170 Omni Park Drive
Mobile
36609
Midmost Office Building
4324 Midmost Drive
36609
901 Lakeside Drive
36609
Total
S.F.
Total S.F.
Agent / Phone
Available
11,985
Gavin Bender
21,800
21,800
Gavin Bender
$695,000
4,400
4,400
Joe Steen
251-607-7881
Mobile
$490,000
12,000
10,000
John Delchamps
251-476-0809
901 Lakeside Drive
Mobile
$549,000
8,750
8,750
1224 Hutson Drive
1224 Hutson Drive
Mobile
$395,000
6,000
6,000
36609
University Blvd. Service
Road
Zack Logan Ave. N.
Mobile
$110,000
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Joseph G. (Joey)
Betbeze, Jr.
251-476-4114
Sharon Wright
251-471-1001
36610
1310 Telegraph Road
1310 Telegraph Road
Mobile
Call For Pricing
60,000
60,000
Mike Mcaleer
251-473-7517
36612
Professional Office
4320 St. Stephens Road
Mobile
$250,000
2,938
2,938
John D. Peebles
251-438-4313
36618
Moffett Road (3828)
3828 Moffett Road
Mobile
$399,000
4,060
4,060
Matt Cummings
251-476-6000
36618
3750 Moffett Rd
3750 Moffett Rd
Mobile
$199,000
2,500
36619
5619 Andrews Rd
5619 Andrews Rd
Mobile
$95,000
984
984
James Henderson
251-442-2195
36619
Rangeline Road Office
4690 Rangeline Road
Mobile
$490,000
7,500
7,500
John Vallas
251-344-1445
36619
Southern Way (1)
1 Southern Way
Mobile
$2,650,000
25,636
Marl Cummings Iv
251-476-6000
36693
3761 Government St.
3761 Government St.
Mobile
$1,650,000
28,800
28,800
Cameron Weavil
251-438-6000
36693
Lakeside Drive
Office/Warehouse
735 Lakeside Drive
Mobile
$250,000
5,200
36693
Mobile Warehouse
Location
3950 Demetropolis Rd.
Mobile
$199,000
7,000
36693
OFFICE
4380 HALLS MILL ROAD
MOBILE
$254,000
4,000
Jerry Stewart
251-666-2705
36693
Industrial Park Drive
1701 Industrial Park Drive
Mobile
$685,000
13,358
Shannon Barnes
251-432-1287
36693
Halls Mill Road
4801 Halls Mill Road
Mobile
$289,000
36695
2344 Schillinger Rd. S
2344 Schillinger Rd. S
Mobile
$830,000
16,697
Todd Drummond
251-694-1181
Dane Haygood
251-626-7200
7,000
James Henderson
251-442-2196
0
Terry Mckinney
251-460-0910
16,697
Angela Mcarthur
251-639-4008
Mobile Office Properties
Advertised For Sale
Summer 2011
Table 6.
Total Market of Office Properties Advertised for Sale
Zip Property Name
Address
City
Sale Price
Total
S.F.
Total S.F.
Agent / Phone
Available
Angela Mcarthur
251-639-4009
36695
6425 Hillcrest Park Court
6425 Hillcrest Park Court
Mobile
$400,000
4,657
36695
1105 Hillcrest Road
1105 Hillcrest Road
Mobile
$750,000
7,500
7,500
36695
Schilliinger Road Retail
1550 Schillinger Road North
Mobile
$195,000
3,600
3,600
Joseph G. (Joey)
Betbeze, Jr.
251-476-4116
Pete Riehm
251-438-4312
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