Hackney Real Estate Partners Acquires Village At Lee Branch Retail Center For $32.5M
1201 Doug Baker Boulevard
$32,500,000
Building Size
—
Asset Type
Retail
Closing
Oct 30, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 1201 Doug Baker Boulevard in Birmingham, AL. The sale price was $32,500,000, and at the time of sale, the property was 83% leased. Key tenants included Onelife Fitness, Hobby Lobby, and Dollar Tree. This retail center is regarded as the second phase of Village at Lee Branch and is situated next to a Publix-anchored first phase.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $32,500,000
- Buyer: Hackney Real Estate Partners
- Seller: Cygnus Capital
- Sale Date: 10/30/2026
- Market: Birmingham, AL
- Brokers: Brad Buchanan, Jim Hamilton & Anton Serafini - JLL
The negotiation of this transaction was handled by JLL, representing both the buyer and the seller. The transaction highlights the active retail sector in Birmingham, emphasizing a significant shift in ownership from Cygnus Capital to Hackney Real Estate Partners.
On the Map
$32,500,000
Retail
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Players
Birmingham Retail Market Snapshot
Boundary boundary · Retail · 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