Legacy Realty Group Advisors Brokers Close $8.4M Retail Center Sale In Florence, AL
1561 Florence Boulevard
$8,400,000
$56/SF
Building Size
150,000 SF
Asset Type
Retail
Closing
Feb 13, 2024
About this deal
AI
Florence Plaza, a 150,000-square-foot retail center located at 1561 Florence Boulevard in Florence, AL, was recently sold for $8,400,000. The transaction was facilitated by Jacob Baruch & Max Yardeni of Legacy Realty Group Advisors, with the price per square foot amounting to $56.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,400,000
- Address: 1561 Florence Boulevard
- Market: Florence, AL
- Brokers: Jacob Baruch & Max Yardeni - Legacy Realty Group Advisors
Legacy Realty Group Advisors played a key role in the transaction, ensuring the successful sale of Florence Plaza. The involvement of the brokers, Jacob Baruch and Max Yardeni, highlights their expertise in facilitating such significant property deals.
On the Map
$8,400,000
$56/SF
Retail
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Florence 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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93