Colliers International Facilitates $4.9M Sale Of Madison Corners Retail Property In Madison, AL

A record-breaking sale of a retail property recently took place in Madison, AL. The property, located at 1079 Balch Road, spans an impressive 14,400 square feet and is home to seven primarily service-oriented tenants. The transaction was facilitated by Colliers International, with Henry Kushner, Joe Montgomery, and Scott Israel representing the seller, Magna Carta Place, LLC. The property was sold to a private family office based out of Montgomery for a remarkable price of $4.9 million in July.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $4,900,000
• Address: 1079 Balch Road, Madison, AL
• Market: Madison, AL
• Seller: Magna Carta Place, LLC
• Buyer's Representative: Russel Reality
• Seller's Representatives: Henry Kushner, Joe Montgomery, and Scott Israel - Colliers International
• Square Footage: 14,400
• Price per Square Foot: $340

Colliers International played a pivotal role in ensuring the successful sale of Madison Corners. The property attracted significant attention due to its prime location and diverse tenant mix. The involvement of the buyer's representative, Russel Reality, further facilitated the transaction. This record-breaking sale marks a significant achievement for all parties involved and highlights the strength of the retail market in Madison, AL.