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
About this deal
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.
The retail sale at 1880 Gadsden Highway, Birmingham, Alabama 35235, United States in Birmingham, Alabama sold for $2.8M in 2022. The building is 3,718 square feet, implying about 753 per square foot on the published price. Karly Iacono, CBRE appear on the sale alongside CBRE. This page is the Birmingham, Alabama file for the 1880 Gadsden Highway, Birmingham, Alabama 35235, United States retail sold: pricing, party profiles, and other closed retail comps from the same Birmingham sit in the Market section below. Filter that Birmingham retail set by closing date to see what else sold near 1880 Gadsden Highway, Birmingham, Alabama 35235, United States around 2022. Published consideration for 1880 Gadsden Highway, Birmingham, Alabama 35235, United States is $2.8M, dated 2022. Cite this Four Springs Capital Trust Sells Retail Property In Birmingham, AL For $2.8M sale when underwriting similar retail product around Birmingham, Alabama.
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