Engel Highpoint LLC And BLE Brighton LLC Purchase Office Building In Vestavia Hills For $8.36M
400 Vestavia Parkway
$8,360,000
$149/SF
Building Size
56,000 SF
Asset Type
Office
Closing
Oct 6, 2025
About this deal
AI
The property asset involved in the transaction is a four-story office building located at 400 Vestavia Parkway in Vestavia Hills, AL. The building spans 56,000 square feet and sits on 4.93 acres of land. The sale price for this multitenant property was $8,360,000, equating to a price per square foot of $149.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,360,000
- Address: 400 Vestavia Parkway
- Market: Vestavia Hills, AL
- Asset Size: 56,000 SF
- Price Per Square Foot: $149
- Buyer: Engel Highpoint LLC & BLE Brighton LLC
- Seller: Bruce D. Burdge - Arcis Investments
- Land Area: 4.93 acres
The deal involved local investors Engel Highpoint LLC and BLE Brighton LLC acquiring the property from seller Bruce D. Burdge of Arcis Investments. The building is part of the Highpoint Office Center and includes tenants such as Joe Ingram Law, Johnstone Trial Law, and Plotline Health.
On the Map
$8,360,000
$149/SF
Office
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Players
Vestavia Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93