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361 St Louis Street
Mobile, AL 36602
Asking Price
$5.50M
Asset Type
Flex Office
Class
Class B
What's Special
Flex Industrial / Office | 57,000 SqFt <ul><li>Location: +- 57,000 sq ft former storage facility on 0.86 acres in the heart of Downtown Mobile, with direct frontage on St. Louis Street, one block north of Greer's St. Louis Market</li><li>Flex Industrial / Office Repositioning Play: Large floor plan adaptable to office, flex, light industrial or service uses</li><li>Zoned T-5.1 (Downtown Development District): Permits a broad mix of office, retail, commercial, residential, and civic uses by right without a use variance</li><li>His
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NOI
$80,000
Cap Rate
1.45%
DSCR
0.24
Underwater
Cash-on-Cash
-14.94%
Monthly Payment
$27,210.999
Annual Cash Flow
$-246,531.989
