Alexander Family Acquires 110 Commerce Drive Industrial In Pelham For $5.69M

The industrial property at 110 Commerce Drive in Pelham, AL, spanning 4.02 acres, was sold in a transaction that concluded on 03/21/2024. The property, encompassing 60,400 square feet, was purchased by the Alexander Family Trust from Commerce Drive Properties AL LLC for a total of $5.69 million, equating to $94 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,690,000
• Address: 110 Commerce Drive, Pelham, AL
• Market: Pelham, AL

Commerce Drive Properties AL LLC, affiliated with Stout Ventures, acted as the seller in the deal, while the buyer was the Alexander Family Trust. The transaction involved the transfer of ownership of the industrial property, marking a significant acquisition by the private family trust.