REIT Prestige Industrial II LLC Sells Industrial Facility In McCalla For $32.3 Million

An industrial asset located at 6700 Jefferson Metro Parkway in McCalla, AL has been sold for a total of $32,300,000. The property encompasses a substantial 303,730 square feet with a price per square foot of $106. The transaction reflects the active industrial market in the region.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $32,300,000
• Sale Date: 04/08/2024
• Address: 6700 Jefferson Metro Parkway
• Market: McCalla, AL
• Square Footage: 303,730
• Price Per Square Foot: $106
• Seller: REIT Prestige Industrial II LLC
• Brokers: Doug Longyear - Cushman & Wakefield & Sonny Culp - Graham & Co

This transaction was facilitated by Graham & Co. Inc., highlighting the coordination of Doug Longyear from Cushman & Wakefield and Sonny Culp from Graham & Co, who played vital roles in orchestrating the sale of the distribution and manufacturing facility located approximately 20 miles southwest of Birmingham, AL.