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417 20th St NBirmingham, AL 35203
The Plaza Birmingham
Asset ClassOffice
The Plaza, a 200k-SF Class A office building located in Birmingham, Alabama.
overview of deal

Overview

Cushman & Wakefield is pleased to present the opportunity to acquire The Plaza (the “Property”), a 200k-SF Class A office building located in Birmingham, Alabama. Set within the city’s popular Downtown Financial District, The Plaza is prominently located at one of Downtown Birmingham’s marquis intersections – 20th Street and 5th Ave. The 18-story office building features elegant architecture, efficient floor plates, and a broad selection of urban amenities both on-site and within walking distance. The Property boasts a highly stable and secure rent roll leased to credit tenants including Viva Health, one of the region’s most prominent health maintenance organizations and part of the renowned University of Alabama at Birmingham (S&P: AA+) Health System, along with numerous government agencies including the IRS, HUD, and DCMA. With a recent extension through December 2028, Viva Health has further shown their commitment to the Property. With an average remaining lease term of 7.2 years, The Plaza provides excellent cash flow stability in addition to future upside via remaining lease-up and future mark-to-market opportunities in Birmingham’s most desirable office location.

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417 20th St NBirmingham, AL 35203

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