Updated Sep 2, 2025
Coro Realty Sells Two Industrial Buildings In Birmingham For $12.6 Million With Colliers Rep
3636 7th Avenue North & 608 37th Street North
$12,600,000
Building Size
—
Asset Type
Industrial
Closing
Aug 28, 2025
About this deal
AI
The transaction involved the sale of two fully leased industrial buildings located at 3636 7th Avenue North and 608 37th Street North in Birmingham, Alabama. The sale was completed for a total price of $12,600,000.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $12,600,000
- Seller: Coro Realty
- Broker: Will Canary & Tripp Alexander - Colliers
- Market: Birmingham, AL
- Asset Portfolio: Airport Highway Park
- Previous Acquisition Price: $8,600,000
- Portfolio Size: Seven buildings
This sale is part of Coro Realty's value-add strategy following its previous acquisition of the seven-building portfolio in 2023. The transaction was facilitated by the brokerage firm Colliers, represented by Will Canary and Tripp Alexander.
On the Map
$12,600,000
Industrial
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Players
Birmingham Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93