| The subject property is leased by the County of Mobile – Sherrif’s Department |
| The Sherrif’s Department is using the premise for tactical, Canine, and Intelligence Divisions |
| Recent renovations of the building are estimated to be ±$400k and were paid for by the tenant. Renovations include a new roof, office, mechanicals |
| 4-Years remaining on an initial 5 year lease term |
| Attractive 1.50% annual rental increases |
| Brand new roof in 2024 which comes with a 10-year transferable material warranty & weather tightness warranty |
Josh Bishop
Matthews Real Estate Investment Services
