Paradise Isla Holdings LLC Acquires Retail Asset From Gulf Shore Methodist Church For $5.7M
1720 Gulf Shores Parkway
$5,700,000
$119/SF
Building Size
47,520 SF
Asset Type
Retail
Closing
Jul 22, 2025
About this deal
AI
The property involved in this transaction is a retail asset located at 1720 Gulf Shores Parkway, Gulf Shores, AL. The sale price of the property was $5,700,000, with a total square footage of 47,520, which equates to a price per square foot of $120.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,700,000
- Address: 1720 Gulf Shores Parkway
- Market: Gulf Shores, AL
- Square Footage: 47,520
- Price Per Square Foot: $120
- Buyer: Paradise Isla Holdings LLC
- Seller: Gulf Shore Methodist Church
- Broker: Pratt Thomas - Merrill P. Thomas Co
Pratt Thomas represented the seller, Gulf Shore Methodist Church, in this transaction. The buyer, Paradise Isla Holdings LLC, acquired the property where Publix is the anchor tenant, highlighting the significance of this retail space in the market.
On the Map
$5,700,000
$119/SF
Retail
View full map
Players
Gulf Shores Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Merrill P. Thomas Co to view all their deals.
Browse Alabama retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93