Ash Place Listing Details & Market Data

Ash Place is located in the Southside/Medical Center submarket, which has been one of Birmingham’s most stable submarkets and is home to the University of Alabama at Birmingham (School and Medical Center), St. Vincent’s Hospital and quite a few well-known professional service firms. In addition to historically low vacancy rates, the submarket has maintained healthy rental rates. Both of these market factors should continue to be reflected as there is limited inventory of similar office buildings in this submarket and no new office developments have been announced. However, the strong national residential market (primarily multi-tenant residential) has ignited a few developments in the submarket that will not only boast high-end living, but will offer new retail amenities to the area.JH Berry is pleased to present the opportunity to acquire the Ash Place Office Building (the “Property”); a 51,000 square foot office building in Birmingham, AL. The Property is located just over Red Mountain in the Southside/Medical Center district and has been a well-known office building since it was constructed in 1982. Ash Place is a four story building with a great view of the Birmingham skyline. It features onsite parking (some covered) and great access to the Red Mountain Expressway and the Central Business District along with being in walking distance to the many restaurants in Five Points South. The quality tenant mix along with the features mentioned above makes for a unique opportunity to acquire one of the Southside/Medical Center’s most notable buildings.The Ash Place office building is located just over Red Mountain in the Southside/Medical Center district and has been a well-known office building since it was constructed in 1982. Ash Place is a four story building with a great view of the Birmingham skyline. It features onsite parking (some covered) and great access to the Red Mountain Expressway and the Central Business District along with being in walking distance to the many restaurants in Five Points South.