Mobile
Office Properties
for Lease and For Sale
Summer 2010
“Data you can use”
“Education you can use”
This report and others are found on the Center website: http://cres.southalabama.edu
USA takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no
warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or completeness of
any information, nor represents that its use would not infringe on privately owned rights. Reference to any specific commercial
product, process, or service does not constitute an endorsement, recommendation, or favoring by USA.
Office Properties
Summer 2010
Page 1 of 26
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 2010 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: depley@usouthal.edu
The data for this report was completed by:
Shirley Harvey, MBA Student
Mitchell College of Business
Office Properties
Summer 2010
Page 2 of 26
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 -8
Table 2: Calculated Vacancy Rate by Zip Code
Pages 9 - 11
Table 3: Total Market of Office Properties Advertised for Lease
Pages 12 - 19
Table 4: Advertised Sales Price and Square Foot by Zip Code
Pages 20 - 21
Table 5: Sales Price per Square Foot by Zip Code
Pages 22 - 23
Table 6: Total Market of Office Properties Advertised for Sale
Pages 24 - 26
Center for Real Estate Studies
Mitchell College of Business
University of South Alabama
Office Properties
Summer 2010
Page 3 of 26
Report Summary
2010 Advertised Office Properties for Lease:
Total Properties Listed ……………………………………80
Asking Lease Rate per S.F. ……………………………. Median $12.00 on 61 Properties Reporting
Total Advertised S.F. ………………………………………Median 9,000 on 66 Properties Reporting
Total Advertised S.F. ………………………………………2,340,949 on 66 Properties Reporting
Total Available S.F. …………………………………………635,016 on 70 Properties Reporting
Available S.F. …………………………………………….. Median 4,560 on 70 Properties Reporting
2010 Advertised Office Properties for Sale:
Total Properties Listed ……………………………………32
Sales Price …………………………………………………. Median $450,000 on 31 Properties Reporting
Building S.F. ……………………………………………………Median 5,896 on 26 Properties Reporting
Sales Price per Building S.F. ……………………………Median $71.25 on 25 Properties Reporting
Site S.F. ………………………………………………………… Median 25,700 on 13 Properties Reporting
Sales Price per Site S.F. ……………………………………Median $11.40 on 13 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.
Office Properties
Summer 2010
Page 4 of 26
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
Office Properties
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
251
Summer 2010
Page 5 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
Asking Lease Rate per S.F. by Zipcode
Table 1.
Office Properties
Total Advertised
S.F.
Zipcode
Asking Lease S.F.
36582
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36603
36604
36605
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
$4.50
$12.00
$3.50
$14.00
12,000
7,716
$14.00
$21.00
$18.00
$16.50
$5.00
$3.50
$5.00
12,132
9,000
$14.00
$16.00
$8.00
$3.00
$13.15
$17.50
$10.28
Summer 2010
94,500
9,200
14,500
8,360
40,000
8,360
3,317
282,745
284,000
1,500
200,000
1,500
55,276
55,276
55,276
55,276
55,276
55,276
55,276
1,929
80,000
2,040
1,400
Page 6 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
Asking Lease Rate per S.F. by Zipcode
Table 1.
Office Properties
Zipcode
Asking Lease S.F.
36606
36606
36606
36606
36606
36606
36607
36607
36608
36608
36608
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36617
36617
36618
$14.00
$14.00
$6.85
$5.96
$4.50
$8.50
$10.75
$13.00
$13.00
$12.00
$10.50
$9.50
$10.00
$8.04
$12.50
$12.30
$10.00
$17.00
$13.50
$14.00
$14.00
$15.00
$5.00
$17.00
$16.50
$5.50
$11,000.00
$12.00
Summer 2010
Total Advertised
S.F.
117,565
6,225
2,464
2,625
9,060
9,600
9,570
1,500
8,946
4,263
9,000
60,000
21,000
10,000
20,000
4,521
1,365
7,700
174,321
127,766
55,944
99,616
4,400
4,400
8,360
4,060
Page 7 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
Asking Lease Rate per S.F. by Zipcode
Table 1.
Office Properties
Total Advertised
S.F.
Zipcode
Asking Lease S.F.
36619
36619
36619
36619
36688
36693
36693
36693
36693
36695
36695
36695
36695
36695
36695
36695
$7.00
$10.71
$9.99
$13.50
$18.00
$10.00
$10.00
$4.30
$10.42
$10.00
$9.00
$12.00
$12.00
$6.40
$100.00
9,600
7,500
15,000
7,500
Median
$12.00
9,000
Properties
Reporting
61
66
Summer 2010
7,500
1,344
1,442
1,125
5,000
770
6,000
3,696
29,070
Page 8 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
Calculated Vacancy Rate by Zipcode
Table 2.
Zipcode
36582
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36603
36604
36605
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
Office Properties
Total Advertised Advertised
Calculated
S.F.
Available S.F. Vacancy Rate (%)
12,000
12,000
100%
7,716
7,716
100%
24,954
94,500
23,000
24%
9,200
18,000
12,132
12,132
100%
9,000
7,200
14,500
1,000
7%
8,360
8,360
100%
40,000
8,360
3,317
282,745
35,469
13%
284,000
60,000
21%
50,000
9,800
1,500
200,000
1,500
55,276
414
1%
55,276
661
1%
55,276
700
1%
55,276
782
1%
55,276
930
2%
55,276
1,249
2%
55,276
3,838
7%
1,929
1,929
100%
80,000
23,000
29%
2,040
2,040
100%
1,400
117,565
11,531
10%
Summer 2010
Page 9 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
Calculated Vacancy Rate by Zipcode
Table 2.
Zipcode
36606
36606
36606
36606
36606
36607
36607
36608
36608
36608
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36617
36617
36618
Office Properties
Total Advertised Advertised
Calculated
S.F.
Available S.F. Vacancy Rate (%)
6,225
2,464
2,625
9,060
9,600
9,570
1,500
8,946
4,263
9,000
60,000
21,000
10,000
20,000
4,521
1,365
7,700
174,321
127,766
55,944
99,616
4,400
4,400
8,360
4,060
6,225
2,464
2,625
9,060
2,400
9,570
2,000
1,500
8,946
1,125
4,500
2,395
1,500
1,200
1,500
359
2,000
1,365
4,620
22,993
11,145
3,869
12,466
2,900
5,750
7,000
45,380
4,400
8,360
11,000
4,060
Summer 2010
100%
100%
100%
100%
25%
100%
100%
100%
26%
50%
4%
7%
12%
8%
8%
100%
60%
13%
9%
7%
13%
66%
100%
100%
100%
Page 10 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
Calculated Vacancy Rate by Zipcode
Table 2.
Zipcode
36619
36619
36619
36619
36688
36693
36693
36693
36693
36695
36695
36695
36695
36695
36695
36695
Total
Median
Properties
Reporting
Office Properties
Total Advertised Advertised
Calculated
S.F.
Available S.F. Vacancy Rate (%)
7,500
1,344
1,442
1,125
5,000
770
6,000
3,696
29,070
7,500
1,344
1,442
25,636
25,000
1,125
5,000
770
6,000
3,307
10,210
100%
100%
100%
100%
89%
35%
9,600
7,500
15,000
7,500
1,300
7,500
15,000
2,500
14%
100%
100%
33%
2,340,949
9,000
635,016
4,560
66
70
Summer 2010
100%
100%
100%
Page 11 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
Total Market of Office Properties Advertised For Lease
Table 3.
Zip
Code
Yr
Blt
Yr
#
Parking
Reno Floors
Total
S.F.
Price S.F.
Avail
S.F.
Agent / Phone
Free
12,000
$4.50
12,000
Marl Cummings, IV
251-476-6000
Not
Available
7,716
$12.00
7,716
Ralph Neal, III
251-602-1403
$3.50
24,954
Alex Pate
251-345-1259
$14.00
23,000
Mike McAleer
251-473-7517
Location
City
36582 Spanish Trail Court
6250 Spanish Trail Court
Theodore
1
36602 3 Dauphin Street
3 Dauphin Street
Mobile
2
300 North Water Street
Mobile
36602 Commerce Building
118 North Royal Street
Mobile
12
94,500
36602 401 Dauphin Street
401 Dauphin Street
Mobile
2
9,200
36602 Parkview Plaza
182 Saint Francis Street,
Ste 303
Mobile
36602 Fort Conde Village
200, 206 S Royal Street
Mobile
36602 Title Insurance Building
164 St. Francis Street
Mobile
163 St Emanuel Street
Mobile
5 Dauphin Street
Mobile
206 & 208 Government
Street
Mobile
36602
36602
Property Name
Office Warehouse
Downtown Mobile
Historic Fort Conde
Village
36602 THE BAYPORT BUILDING
36602
Downtown Office
Complex
Office Properties
Free
12,132
$14.00
9,000
$21.00
Summer 2010
3
18,000
Todd Drummond
251-694-1180
12,132
Allan R. Cameron, Jr.
251-438-4312
John D. Peebles
251-438-4312
$18.00
7,200
Pete Riehm
251-438-4312
14,500
$16.50
1,000
Brian Metcalfe
251-432-2600
8,360
$5.00
8,360
Brian Metcalfe
251-432-2600
Free
1904 1985
Todd Drummond
251-694-1180
Page 12 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
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
305 Delchamps Drive
Mobile
40,000
$3.50
Brian Metcalfe
251-432-2600
206 & 208 Government
Street
Mobile
8,360
$5.00
Brian Metcalfe
251-432-2600
36602 Neville House
255 St. Francis Street
Mobile
1896
36602 AmSouth Bank Building
107 St. Francis Building
Mobile
1965
36602 Regions Bank Building
106 St. Francis
Mobile
36602 305 Delchamps Dr.
36602
206 & 208 Government
Street
36602 Government Street (304) 304 Government Street
36603
Church Street
Office/Warehouse
36604 1775 Old Shell Road
36605
Dauphin Island Parkway
& I-10
36606 Old Government Street
36606
CNI Center-Dauphin 65
Complex
Office Properties
Mobile
Leased
Leased
1929
Brian Metcalfe
251-432-2600
3,317
282,745
$14.00
35,469
Josh Hall
251-342-7229
284,000
$16.00
60,000
Josh Hall
251-342-7229
$8.00
50,000
Marl Cummings, IV
251-476-6000
9,800
John D. Peebles
251-438-4312
3
805 Church Street
Mobile
Free
1775 Old Shell Road
Mobile
1
1600 Dauphin Island
Parkway
Mobile
1
200,000
2150 Old Government
Street
Mobile
1
1,500
3280 Dauphin Street
Ste C 104
Mobile
1978
Summer 2010
1
Free
Free
John Vallas
251-665-3774
1,500
55,276
Matthew Garrard
251-476-6000
$3.00
John Vallas
251-665-3774
414
Mike McAleer
251-473-7517
Page 13 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
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
36606
CNI Center-Dauphin 65
Complex
3280 Dauphin Street
Ste C 104
Mobile
1978
1
Free
55,276
661
Mike McAleer
251-473-7517
36606
CNI Center-Dauphin 65
Complex
3280 Dauphin Street
Ste C 104
Mobile
1978
1
Free
55,276
700
Mike McAleer
251-473-7517
36606
CNI Center-Dauphin 65
Complex
3280 Dauphin Street
Ste C 104
Mobile
1978
1
Free
55,276
782
Mike McAleer
251-473-7517
36606
CNI Center-Dauphin 65
Complex
3280 Dauphin Street
Ste C 104
Mobile
1978
1
Free
55,276
930
Mike McAleer
251-473-7517
36606
CNI Center-Dauphin 65
Complex
3280 Dauphin Street
Ste C 104
Mobile
1978
1
Free
55,276
1,249
Mike McAleer
251-473-7517
36606
CNI Center-Dauphin 65
Complex
3280 Dauphin Street
Ste C 104
Mobile
1978
1
Free
55,276
3,838
Mike McAleer
251-473-7517
36606 Union Planters Bank Bldg
851 I-65 Service Rd S
Suite 600
Mobile
36606 Xante’ Center
2800 Dauphin Street
Mobile
36606 2300 Airport Blvd.
2300-C Airport
Boulevard
Mobile
2 N Florida St.
Mobile
3103 Airport Blvd.
Mobile
36606
Dauphin and Florida
Street
36606 Hilton Square
Office Properties
1978
Free
1,929
$13.15
1,929
Angela McArthur
251-639-4007
80,000
$17.50
23,000
Brian Metcalfe
251-432-2600
2,040
Adam Metcalfe
251-432-2600
2,040
1
1985
Summer 2010
Free
1,400
$10.28
117,565
$14.00
Pratt Thomas
251-476-0808
11,531
Jason Scott
251-342-7229
Page 14 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
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
$14.00
6,225
Louise McCown
251-990-6622
36606 HRH Sublease
3200 Executive Park Cir
Mobile
1
Free
6,225
36606 1201 Montlimar Blvd.
1201 Montlimar Blvd.
Mobile
1
Free
2,464
2480 Commercial Park
Drive
2480 Commercial Park
Drive
Mobile
1
Free
2,625
$6.85
2,625
36606 63 Midtown Park East
63 Midtown Park East
Mobile
2
Ample
9,060
$5.96
9,060
36606 3350 Halls Mill Road
3350 Halls Mill Road
Unit C
Mobile
1
Ample
9,600
$4.50
2,400
262 Furr St
Mobile
2
Free
9,570
$8.50
9,570
Don Parden
251-554-1941
36607 Florida St N (161)
161 N Florida St
Mobile
$10.75
2,000
Marl Cummings, IV
251-476-6000
36608 KMED BUILDING
10121 Airport Blvd
Suite # 3
Mobile
1,500
1,500
Ty Irby
251-649-1000
36608 660 Zeigler Circle E
660 Zeigler Circle E
Mobile
1987
1
8,946
8,946
David Cooper
251-639-4007
3475 Springhill Avenue
Mobile
1973
1
1,125
Richard Mann
251-300-3396
36606
36607
36608
I-65 Service Road at
Spring Hill Ave.
Office Building on
Springhill Avenue
Office Properties
1990 2005
1
Ample
Summer 2010
Free
4,263
2,464
$13.00
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Page 15 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
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
9,000
$13.00
4,500
John Vallas
251-665-3774
60,000
$12.00
2,395
Mike McAleer
251-473-7517
Free
21,000
$10.50
1,500
David Stein
251-342-1968
36609 Montlimar Office
1218 Montlimar Drive
Mobile
1
36609 Cottage Crest
6345 H Cottage Hill Road
Mobile
1
4318 Downtowner loop
North Suite E
Mobile
1980 2003
750 Downtowner Loop
West Suite A
Mobile
1990 2004
1
Free
10,000
$9.50
1,200
David Stein
251-342-1968
36609
Downtowner North
Building
36609 Loop West Building
Free
36609
4318 Downtowner Loop
North
Suite E
Mobile
1980 2005
1
Free
20,000
$10.00
1,500
David Stein
251-342-1968
36609
Boulevard Park Office
Space
4320 Boulevard Park S
Ste C
Mobile
1994
1
Free
4,521
$8.04
359
Deepa Rajan
251-639-4007
36609
Office Space for Lease on
712 Oak Circle Dr. W
Oak Circle
1
Free
$12.50
2,000
Richard Mann
251-300-3396
Ample
1,365
$12.30
1,365
Angela McArthur
251-639-4007
7,700
$10.00
4,620
John Delchamps
251-476-0808
Mobile
36609 University Place
820 S. University Blvd
#2K
Mobile
1985
1
36609 Hillcrest Office Park
6414 Hillcrest Park Court
Mobile
2004
1
36609 Montlimar Place
1110 Montlimar Drive
Mobile
1986
174,321
$17.00
22,993
John Toomey
251-342-7229
36609 Bel Air Park
2970 Cottage Hill Road
Mobile
1977
127,766
$13.50
11,145
Jason Scott
251-342-7229
Office Properties
Summer 2010
Page 16 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
Total Market of Office Properties Advertised For Lease
Table 3.
Zip
Code
Location
City
Yr
Blt
36609 University Place
820 University Boulevard
Mobile
1985
36609 Regions Bank Tower
851 East I-65 Svc. Rd.
South
Mobile
1970 2004
36609 Omni Park Drive
6170 Omni Park Dr
Mobile
2009
Property Name
36609 753 Lakeside Drive
Yr
#
Parking
Reno Floors
Total
S.F.
Price S.F.
Avail
S.F.
Agent / Phone
Free
55,944
$14.00
3,869
Jason Scott
251-342-7229
10
Free
99,616
$14.00
12,466
Jason Scott
251-342-7229
1
Free
4,400
$15.00
2,900
Brent Cumbest
251-633-5858
753 Lakeside Drive
Mobile
Free
$5.00
5,750
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Free
$17.00
7,000
Gavin Bender
Free
$16.50
45,380
Dawn Casey
334-277-1000
4,400
Joe Steen
251-607-7880
8,360
Bob Cooper
251-639-4007
36609
PARAMOUNT OFFICE
CENTER
1141 Montlimar Drive
Mobile
36609
Downtowner Corporate
Center
1087 Downtowner Blvd
Mobile
36609
Omni Park Office
Complex
6170 Omni Park Drive
Mobile
1
36617 1800 E I-65 Service Rd N
1800 E. I-65 Srv. Rd. N
Mobile
1
3400 Georgia Pacific
Mobile
3828 Moffett Road
Mobile
36617
Warehouse Space for
Lease
36618 Moffett Road (3828)
Office Properties
2001
Free
4,400
8,360
$5.50
$11,000.00 11,000
1
Summer 2010
4,060
$12.00
4,060
Allan R. Cameron, Jr.
251-438-4312
Matt Cummings
251-476-6000
Page 17 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
Total Market of Office Properties Advertised For Lease
Table 3.
Zip
Code
Property Name
Location
City
Yr
Blt
Yr
#
Parking
Reno Floors
Avail
S.F.
Agent / Phone
7,500
$7.00
7,500
John Vallas
251-665-3774
1,344
$10.71
1,344
Richard Mann
251-300-3396
1,442
$9.99
1,442
Richard Mann
251-300-3396
4690 Rangeline Road
Mobile
Office for Lease Three
Notch
6151 Three Notch Rd
Mobile
Commercial Bldg for
36619 lease 6201 Three Notch
Rd
6201 Three Notch Rd
Mobile
1
36619 Southern Way (1)
1 Southern Way
Mobile
1
Free
$13.50
25,636
Marl Cummings, IV
251-476-6000
2
Free
$18.00
25,000
Jason Scott
251-342-7229
$10.00
1,125
Tony Cooper, CCIM
251-639-4007
5,000
Adam Metcalfe
251-432-2600
36688
USA Research &
Technology Park
775 N. University Blvd
Mobile
36693
Ofc Space for Lease on
Gov't Blvd 4080B
4080-B Government Blvd
Mobile
36693 1512 Azalea Road
1512 Azalea Road
Mobile
36693 O'Neill Building
1540 West I-65 Service
Road South
Mobile
36693 3782 Halls Mill Road
3782 Halls Mill Road
Mobile
1987
1
Mobile
2002
1
36695
Office Space for Lease on 6425 Hillcrest Rd.
Hillcrest
Ste. A
Office Properties
2007
Free
Price S.F.
36619 Rangeline Road Office
36619
1
Total
S.F.
1
1,125
5,000
1
Summer 2010
Ample
770
$10.00
770
6,000
$4.30
6,000
3,696
$10.42
3,307
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Angela McArthur
251-639-4007
Page 18 of 26
Mobile Office Properties
Advertised For Lease
Summer 2010
Total Market of Office Properties Advertised For Lease
Table 3.
Zip
Code
Property Name
Location
City
36695 Hillcrest Square
1000 Hillcrest Road
Mobile
36695 876 Hillcrest Road
876 Hillcrest Road
Mobile
1535 Schillinger Rd S
Mobile
36695
Schillinger Professional
Offices
Yr
Blt
Yr
#
Parking
Reno Floors
Total
S.F.
Price S.F.
Avail
S.F.
Agent / Phone
29,070
$10.00
10,210
John Toomey
251-342-7229
Ample
2003
1
Free
Kate Irvine
251-342-7229
$9.00
9,600
$12.00
1,300
36695 1105 Hillcrest Road
1105 Hillcrest Road
Mobile
2
Free
7,500
$12.00
7,500
36695 7883 Airway Drive
7883 Airway Drive
Mobile
1
Ample
15,000
$6.40
15,000
36695 1105 Hillcrest Road
1105 Hillcrest Road
Mobile
2
Free
7,500
$100.00
2,500
Office Properties
Summer 2010
Brent Cumbest
251-633-5858
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Page 19 of 26
Mobile Office Properties
Advertised For Sale
Summer 2010
Advertised Sale Price and Square Foot Zip Code
Table 4.
Office Properties
Zip Code
Advertised Sales
Price
36601
36602
36602
36602
36602
36602
36602
36602
36604
36606
36606
36606
36606
36606
36606
36606
36607
36608
36608
36609
36609
36609
36609
36609
36618
36619
36619
36693
36693
36695
36695
36695
$2,950,000
$995,000
$500,000
$975,000
$1,500,000
$182,000
$469,000
$450,000
$995,000
$47,892
$225,000
$195,000
$234,000
$149,000
$495,000
$439,000
$165,000
$425,000
$849,900
Call For Pricing
$262,500
$450,000
$290,000
$695,000
$399,000
$2,650,000
$490,000
$299,000
$285,000
$800,000
$400,000
$750,000
Summer 2010
Advertised S.F.
68,800
28,000
40,000
3,822
6,000
75,000
1,600
1,300
2,427
3,000
9,060
4,000
1,000
8,946
55,577
5,792
6,000
3,500
4,400
4,060
7,500
6,000
4,000
15,000
4,657
7,500
Page 20 of 26
Mobile Office Properties
Advertised For Sale
Summer 2010
Advertised Sale Price and Square Foot Zip Code
Table 4.
Zip Code
Median
Properties
Reporting
Office Properties
Advertised Sales
Price
Advertised S.F.
$450,000
5,896
31
26
Summer 2010
Page 21 of 26
Mobile Office Properties
Advertised For Sale
Summer 2010
Table 5.
Advertised Sales Price per Square Foot by Zip Code
Zip Code
Advertised
Sales Price
Building
S.F.
36601
36602
36602
36602
36602
36602
36602
36602
36604
36606
36606
36606
36606
36606
36606
36606
36607
36608
36608
36609
36609
36609
36609
36609
36618
36619
36619
36693
36693
36695
$2,950,000
$995,000
$500,000
$975,000
$1,500,000
$182,000
$469,000
$450,000
$995,000
$47,892
$225,000
$195,000
$234,000
$149,000
$495,000
$439,000
$165,000
$425,000
$849,900
Call For Pricing
$262,500
$450,000
$290,000
$695,000
$399,000
$2,650,000
$490,000
$299,000
$285,000
$800,000
Office Properties
Calculated
Sales Price
per Site S.F.
$205.22
Calculated
Sales Price per
Bldg S.F.
$42.88
$35.54
Site S.F.
Acreage
68,800
28,000
14,375
0.33
40,000
3,822
82,764
1.9
0
$18.12
$37.50
$47.62
6,000
75,000
10,890
105,851
0.25
2.43
$41.32
$9.40
$75.00
$13.27
1,600
1,300
2,427
3,000
9,060
4,000
1,000
8,946
55,577
5,792
6,000
3,500
4,400
4,060
7,500
6,000
4,000
15,000
25,700
13,068
21,780
0.59
0.3
0.5
$9.10
$11.40
$22.73
55,321
1.27
$7.68
22,216
47,916
0.51
1.1
$11.82
$9.39
1,006,236
23.1
$2.63
23,958
0.55
$12.48
78,408
1.8
$10.20
Summer 2010
$140.63
$150.00
$96.42
$49.67
$54.64
$109.75
$165.00
$47.51
$45.32
$75.00
$82.86
$157.95
$98.28
$65.33
$49.83
$71.25
$53.33
Page 22 of 26
Mobile Office Properties
Advertised For Sale
Summer 2010
Table 5.
Advertised Sales Price per Square Foot by Zip Code
Site S.F.
Acreage
Calculated
Sales Price
per Site S.F.
5,896
25,700
0.57
$11
$71
26
13
14
13
25
Zip Code
Advertised
Sales Price
Building
S.F.
36695
36695
$400,000
$750,000
4,657
7,500
Median
$450,000
Properties
Reporting
31
Median Sales per Site S.F.
$11.40
Median Sales per Bldg S.F.
Office Properties
Calculated
Sales Price per
Bldg S.F.
$85.89
$100.00
$71.25
Summer 2010
Page 23 of 26
Mobile Office Properties
Advertised For Sale
Summer 2010
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
Burton Clark
251-476-6000
Burton Clark
251-476-6000
36601
Van Antwerp Bldg (101)
101 Dauphin Street
Mobile
$2,950,000
68,800
36602
Staples Pake Building
100 N Royal St
Mobile
$995,000
28,000
36602
Kress Building
115 Dauphin Street
Mobile
$500,000
10,000
Burton Clark
251-476-6000
36602
Kress Building
18 Royal Street South
Mobile
$975,000
19,100
Burton Clark
251-476-6000
36602
305 Delchamps Dr.
305 Delchamps Drive
Mobile
$1,500,000
40,000
36602
Condo Development site
714 Dauphin St.
Mobile
$182,000
3,822
36602
Professional Office Space
5 N Claiborne
Mobile
$469,000
36602
Blood Plasma Center
550 Church Street
Mobile
$450,000
6,000
36604
951 Government Street
951 Government Street
Mobile
$995,000
75,000
36606
Azalea Road - Lot 5
563 Azalea Road - Lot 5
Mobile
$47,892
36606
2718 Dauphin Street
2718 Dauphin Street
Mobile
$225,000
Office Properties
Summer 2010
Brian Metcalfe
251-432-2600
3,822
Tony Cooper, CCIM
251-639-4007
3,600
Allan R. Cameron, Jr.
251-438-4312
6,000
Jeanne McKay
251-405-6400
John Vallas
251-665-3774
Marl Cummings, III
251-476-6000
1,600
Brian Metcalfe
251-432-2600
Page 24 of 26
Mobile Office Properties
Advertised For Sale
Summer 2010
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
Brian Metcalfe
251-432-2600
36606
2756 Dauphin Street
2756 Dauphin Street
Mobile
$195,000
1,300
36606
Historic Style Office
Location
3154 Cottage Hill Rd.
Mobile
$234,000
2,427
2,427
36606
2479 Commercial Park
Drive
2479 Commercial Park Drive
Mobile
$149,000
3,000
3,000
36606
63 Midtown Park East
63 Midtown Park East
Mobile
$495,000
9,060
9,060
36606
3116 Airport Blvd
3116 Airport Blvd
Mobile
$439,000
4,000
36607
Florida St N (26)
26 North Florida Street
Mobile
$165,000
1,000
1,000
36608
660 Zeigler Circle E
660 Zeigler Circle E
Mobile
$425,000
8,946
8,946
36608
GREAT 2-STORY OFFICE
771 Blackburn
Mobile
$849,900
Mobile
Call For Pricing
55,577
Mobile
$262,500
5,792
Mobile
$450,000
6,000
36609
36609
36609
Downtowner Corporate
1087 Downtowner Blvd
Center
Investment Office Property
712 Oak Circle W
712 Oak Circle
1224 Hutson Drive
Office Properties
1224 Hutson Drive
Summer 2010
6,000
Angela McArthur
251-639-4007
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Todd Drummond
251-694-1180
Matt Cummings
251-476-6000
David Cooper
251-639-4007
Don Jones
251-209-5480
Dawn Casey
334-277-1000
Richard Mann
251-300-3396
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Page 25 of 26
Mobile Office Properties
Advertised For Sale
Summer 2010
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
251-639-4007
36609
5920 Grelot Rd Bldg E
5920 Grelot Rd Bldg E
Mobile
$290,000
3,500
36609
Omni Park Office Complex
6170 Omni Park Drive
Mobile
$695,000
4,400
4,400
Joe Steen
251-607-7880
36618
Moffett Road (3828)
3828 Moffett Road
Mobile
$399,000
4,060
4,060
Matt Cummings
251-476-6000
36619
Southern Way (1)
1 Southern Way
Mobile
$2,650,000
36619
Rangeline Road Office
4690 Rangeline Road
Mobile
$490,000
7,500
7,500
36693
3782 Halls Mill Road
3782 Halls Mill Road
Mobile
$299,000
6,000
6,000
36693
OFFICE
4380 HALLS MILL ROAD
MOBILE
$285,000
4,000
36695
7883 Airway Drive
7883 Airway Drive
Mobile
$800,000
15,000
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
Office Properties
Summer 2010
25,636
15,000
2,500
Marl Cummings, III
251-476-6000
John Vallas
251-665-3774
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
JERRY STEWART
251-666-2705
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Angela McArthur
251-639-4007
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Page 26 of 26