Four Springs Capital Trust Sells Retail Property In Birmingham, AL For $2.8M
1880 Gadsden Highway, Birmingham, Alabama 35235, United States
$2,800,000
$753/SF
Building Size
3,718 SF
Asset Type
Retail
Closing
Nov 6, 2022
AI
A retail property located at 1880 Gadsden Highway in Birmingham, AL has been sold for a price of $2,800,000. The property spans 3,718 square feet, resulting in a price per square foot of $753.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,800,000
The seller of the property was Four Springs Capital Trust. The brokerage firm CBRE represented the seller in the deal, with Karly Iacono serving as the broker.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93