SOLD
Rocket Shoals LLC Acquires Industrial Facility In Cherokee, AL For $190M
1200 Haley Dr, Cherokee, AL 35616
Industrial
2,300,000 SF
2,300,000 SF
Sold 96 days ago
Summary
Sale
ALABAMA
Industrial
2,300,000 sqft
The industrial property located at 1200 Haley Drive in Cherokee, Alabama, spanning 2.3 million square feet, was sold for $190 million. The transaction involved the buyer, Rocket Shoals LLC, an affiliate of AE Industrial Partners LP, acquiring the property from the seller, David G. Bronner of Retirement Systems of Alabama.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $190,000,000
- Address: 1200 Haley Drive
- Market: Cherokee, AL
- Buyer: Rocket Shoals LLC
- Seller: David G. Bronner - Retirement Systems of Alabama
- Square Footage: 2,300,000
- Price Per Square Foot: $83
Rocket Shoals LLC, backed by AE Industrial Partners LP, completed the acquisition of the 2.3 million-square-foot industrial facility in Cherokee, Alabama. The seller, David G. Bronner, represented the Retirement Systems of Alabama in the $190 million transaction.
Details
SOLD
IMAGE: David G. Bronner
DATE: 01/31/2024
ADDRESS: 1200 Haley Drive
MARKET: Cherokee, AL
ASSET TYPE: Industrial ~ ACRES: 638
BUYER: Rocket Shoals LLC
SELLER: David G. Bronner - Retirement Systems of Alabama
SALE PRICE: $190,000,000
SF: 2,300,000 ~ PPSF: $83
NOTE: Rocket Shoals LLC, an affiliate of AE Industrial Partners LP, has acquired a 2.3 million-square-foot industrial facility in Cherokee, Alabama, from the Retirement Systems of Alabama for $190 million.View on map
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Address1200 Haley Dr, Cherokee, AL 35616
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