University Building: Difference between revisions

Latest revision as of 14:07, 19 August 2022

85 Bagby Drive, also known as the University Building, is a three-story 40,000 square-foot multi-tenant office building located at 85 Bagby Drive, off of West Valley Avenue near I-65 in Homewood. It was built in 1970.

Entrepreneur Bill Smith purchased the building in 2013. After renovations and additional marketing, he increased tenant occupancy from 40 percent to 88 percent by the end of 2016. Caishen Building LLC of The Villages, Florida purchased the building in December of that year for $1.62 million.

Bradley Lewis of Leveraged LLC purchased the property from Caishen in 2019 for $1.535 million. After completing updates and adding tenant amenities, he sold the building to an affiliate of Farris Properties for $3.3 million.

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Tenants

References

Godwin, Brent (February 1, 2017) "Homewood office building sells for $1.62M." Birmingham Business Journal
Godwin, Brent (February 6, 2017) "Homewood building turnaround leads to sale to Florida investor." Birmingham Business Journal
Van der Bijl, Hanno (January 2, 2020) "West Homewood office building sells for $1.5M." Birmingham Business Journal
Mann, Joshua (September 22, 2021) "Leveraged LLC sells Homewood office building for $3.3M." Birmingham Business Journal

External links

85 Bagby Drive at Emporis.com

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 '''85 Bagby Drive''', also known as the '''University Building''', is a three-story 40,000 square-foot multi-tenant office building located at 85 [[Bagby Drive]], off of [[West Valley Avenue]] near [[I-65]] in [[Homewood]]. It was built in [[1970]].
-Entrepreneur [[Bill Smith]] purchased the building in [[2013]]. After renovations and additional marketing, he increased tenant occupancy from 40 percent to 88 percent by the end of [[2016]]. Caishen Building LLC of The Villages, Florida purchased the building in December of that year for $1.62 million.
+Entrepreneur [[Bill Smith (entrepreneur)|Bill Smith]] purchased the building in [[2013]]. After renovations and additional marketing, he increased tenant occupancy from 40 percent to 88 percent by the end of [[2016]]. Caishen Building LLC of The Villages, Florida purchased the building in December of that year for $1.62 million.
+[[Bradley Lewis]] of [[Leveraged LLC]] purchased the property from Caishen in [[2019]] for $1.535 million. After completing updates and adding tenant amenities, he sold the building to an affiliate of [[Farris Properties]] for $3.3 million.
 {{stub}}
+==Tenants==
+* [[1737 Photography]]
+* [[Child Care Central]]
+* [[Bill Meneese]], neuropsychologist
+* [[Strada Professional Services]]
 ==References==
 * Godwin, Brent (February 1, 2017) "Homewood office building sells for $1.62M." {{BBJ}}
 * Godwin, Brent (February 6, 2017) "Homewood building turnaround leads to sale to Florida investor." {{BBJ}}
+* Van der Bijl, Hanno (January 2, 2020) "West Homewood office building sells for $1.5M." {{BBJ}}
+* Mann, Joshua (September 22, 2021) "Leveraged LLC sells Homewood office building for $3.3M." {{BBJ}}
 ==External links==
 * [http://www.emporis.com/buildings/1245028/85-bagby-drive-homewood-al-usa 85 Bagby Drive] at Emporis.com
+[[Category:University Building|*]]
 [[Category:1970 buildings]]
-[[Category:Office buildings]]
-[[Category:Bagby Drive]]