Spirit Master Funding LLC Acquires Mixed-Use Property In Birmingham, AL For $7.4M
2944 John Hawkins Parkway, Birmingham, Alabama 35244, United States
$7,400,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 8, 2022
About this deal
AI
The mixed-use property located at 2944 John Hawkins Pkwy in Birmingham, AL has been sold. The property spans across 1.6 acres and was sold on September 9, 2022.
Summary of transaction details
- Property Type: Mixed use
- Sale Price: $7,400,000
- Address: 2944 John Hawkins Pkwy, Birmingham, AL
- Market: Birmingham, AL
- Buyer: Spirit Master Funding LLC
- Seller: William Morris Realty Hoover LLC
Spirit Master Funding LLC was the buyer in this transaction, while William Morris Realty Hoover LLC acted as the seller. This deal highlights the active real estate market in Birmingham, AL, with a significant sale price of $7,400,000 for the 1.6-acre mixed-use property.
Players
Hoover Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93