Livingston Properties Acquires Retail Property In Hoover, Alabama For $12.9M
SOLD
$12,900,000
Alabama
See Similar DealsRetail89,576 SF
Sold
SOLD
Livingston Properties Acquires Retail Property In Hoover, Alabama For $12.9M
1761 Montgomery Highway, Hoover, Alabama 35216, United States
See Similar DealsRetail89,576 SF
Sold
Summary
ALABAMA
Asset Type:Retail
Price Per Square Foot:$144
Total Square Footage:89576 SF
Transaction Type:Sale
Located at 1761 Montgomery Hwy in Hoover, Alabama, this retail property has been sold in a recent transaction. The property spans over 89,576 square feet and was sold for a price of $12,900,000, resulting in a price per square foot of $144. The transaction took place on August 22, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,900,000
- Address: 1761 Montgomery Hwy, Hoover, Alabama
- Market: Hoover, Alabama
- Buyer: Livingston Properties
- Seller: Riverchase Crossings LLC
- Brokers: Brad Buchanan, Jim Hamilton, and Andrew Kahn - JLL and Emris Graham - EHG Properties
The buyer of this retail property is Livingston Properties. On the other hand, the seller is Riverchase Crossings LLC. The transaction was facilitated by Brad Buchanan, Jim Hamilton, and Andrew Kahn from JLL, along with Emris Graham from EHG Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$688,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,830.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,152.58
Annual Debt Service$733,830.98
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