PGP Hoover Court LLC Acquires Multi-Tenant Retail Center In Hoover, AL For $6.85M

A multi-tenant retail center located at 1900-1929 Hoover Court in Hoover, AL, has been sold. The property, which is fully occupied and includes various businesses, was acquired by PGP Hoover Court 1 LLC, PGP Hoover Court 2 LLC, and PGP Hoover Court 3 LLC for a total of $6,850,000. The transaction took place on October 19, 2023. The retail center spans across 50,245 square feet, resulting in a price per square foot of $136.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $6,850,000
• Address: 1900-1929 Hoover Court, Hoover, AL
• Market: Hoover, AL
• Square Footage: 50,245
• Price per Square Foot: $136

The buyers in this transaction were PGP Hoover Court 1 LLC, PGP Hoover Court 2 LLC, and PGP Hoover Court 3 LLC. On the other hand, the sellers were Hoover Court Investors LLC and Murer LLC. The multi-tenant retail center, located near Highway 31, was fully occupied and offered various business opportunities. The property was sold for $6.85 million on October 19, 2023.