Updated Jan 22, 2025
REIT Prestige Industrial II LLC Sells Industrial Facility In McCalla For $32.3 Million
6700 Jefferson Metro Parkway
$32,300,000
$106/SF
Building Size
303,730 SF
Asset Type
Industrial
Closing
Apr 8, 2024
About this deal
AI
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.
On the Map
$32,300,000
$106/SF
Industrial
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Players
McCalla 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93