Livingston Properties Secures $20.1 Million Refinance For Retail Centers In Madison And Hoover
5250 Medford Drive & 1504 Highway 72 West
$20,100,000
$75/SF
Building Size
133,939 SF
Asset Type
Retail
Closing
Oct 21, 2026
About this deal
AI
The property asset involved in the transaction consists of two grocery-anchored retail centers located at 5250 Medford Drive and 1504 Highway 72 West in Hoover and Madison, Alabama. The centers encompass a total of 133,939 square feet. The transaction involves a refinancing agreement amounting to $20,100,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,100,000
- Address: 5250 Medford Drive & 1504 Highway 72 West
- Market: Hoover & Madison, AL
- Landlord: Livingston Properties
- Loan Type: Refinance
Randy Wolfe and Josh Darby from NorthMarq were instrumental in arranging the floating-rate refinancing loan through a regional bank. This financing was specifically for Strong Station, which is anchored by Sprouts Farmers Market, and for The Crossings at Hoover, which was fully leased at the time of the refinancing.
On the Map
$20,100,000
$75/SF
Retail
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Players
Madison Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93