Investment Overview

Marcus & Millichap is pleased to present Montlimar Place, a 172,910 square foot, multi-tenant professional office building located in Mobile, Alabama. Built in 1983 and updated in 2016, Montlimar Place is a ten-story property offering modernized office spaces and top-tier amenities to tenants. Situated on a 7.64-acre lot, this property combines strategic location with robust tenant occupancy, presenting an excellent investment opportunity in a vibrant economic market. Location: Montlimar Place is strategically located at 1110 Montlimar Drive in Mobile, AL, offering excellent accessibility to Interstate 65 and key transportation routes, including AL-90 and AL-98. Just a 19-minute drive from Mobile Regional Airport, the property is surrounded by restaurants, retail outlets, and essential services making it a prime location for professional tenants. The property also benefits from its proximity to the city’s cultural and recreational landmarks, enhancing its appeal to businesses and employees. Strategic Accessibility: Montlimar Place offers immediate access to I-65, AL-90, and AL-98, ensuring seamless connectivity throughout Mobile and the Gulf Coast. Just 19 minutes from Mobile Regional Airport, the property provides easy access for business travelers and corporate clients. Expanding Metro Area: The Mobile MSA boasts a population of over 410,000, with steady growth fueled by economic diversification, infrastructure investment, and a business-friendly climate. The area’s low cost of living and skilled workforce make it a prime market for corporate expansion. Proximity to Key Employers: The property is near major industry hubs, corporate offices, and manufacturing plants, including Austal USA, Airbus, AM/NS Calvert, Infirmary Health, and the University of South Alabama, ensuring strong office space demand. Economic Drivers: Mobile’s Growing Economy & Port: The Port of Mobile—the fastest-growing container terminal in the U.S.—is undergoing a $366 million expansion to double container capacity and strengthen its role as a global trade hub. Supporting 155,000+ jobs and contributing $25 billion annually to Alabama’s economy, the port’s growth is driving demand for logistics, trade, and corporate office space. Vibrant Market: Mobile is experiencing unprecedented economic expansion, driven by infrastructure investment, tourism, and workforce development. With revitalized downtown districts, a booming commercial real estate market, and enhanced transportation options like the return of Amtrak service, Mobile is one of the Gulf Coast’s most dynamic business hubs. Market: Montlimar Place is located in the Mobile Metropolitan Statistical Area (MSA), one of Alabama’s most dynamic regions, featuring a diverse economy driven by shipbuilding, port activity, and tourism. Mobile boasts a growing population exceeding 410,000 residents in the metro area, a thriving business climate, and unique cultural offerings. The city serves as a key hub for the labor force and commerce industry along the Gulf Coast, supported by the presence of the Port of Mobile, one of the fastest-growing seaports in the U.S handling over 64 million tons of cargo annually. A $366 million expansion of the Port of Mobile is underway, increasing container capacity and boosting trade. Why Montlimar Place? Montlimar Place offers investors a unique opportunity to acquire a stable yet unique, income-producing asset in the heart of Mobile, Alabama. With its strong tenant mix, strategic location, vacancy upside, and opportunity for further rent growth, the property represents a compelling investment in one of the Gulf Coast’s most promising markets. The region’s steady economic expansion and infrastructural developments further enhance Montlimar Place’s investment appeal. Stable Current Tenant Mix: Montlimar Place is home to a robust mix of professional and service-oriented tenants. The property’s long-term tenant commitments ensure reliable cash flow, with several leases supporting future rent escalations. Tenants benefit from the property’s accessibility, modern design, and proximity to Mobile’s bustling business districts. Property Features: Montlimar Place stands out as a Class A multi-tenant office building with exceptional amenities, including flexible office layouts, high-speed internet access, and a fully inclusive gym/lounge area for tenants. With ten stories and a gross leasable area of 172,910 square feet, the property offers ample space for tenants across its 55 units. Montlimar Place features a flat roof, concrete slab foundation, and a modernized exterior, reflecting its comprehensive renovation in 2016. Additional conveniences include three elevators and a parking ratio of 3.85 spaces per 1,000 square feet.