FrostPoint Capital Acquires Lake Crest Plaza Retail Center In Hoover For $5.6M
2341 John Hawkins Parkway
$5,600,000
$253/SF
Building Size
22,069 SF
Asset Type
Retail
Closing
Jun 26, 2026
About this deal
AI
The property asset involved in this transaction is the Lake Crest Plaza retail center located at 2341 John Hawkins Parkway, Hoover, AL. The center is fully leased and has a total square footage of 22,069. It was sold for a transaction price of $5,600,000, which equates to a price per square foot of $254.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,600,000
- Square Footage: 22,069
- Price per Square Foot: $254
- Buyer: FrostPoint Capital
- Address: 2341 John Hawkins Parkway, Hoover, AL
FrostPoint Capital has expanded its retail portfolio in the Birmingham market with this acquisition. This transaction illustrates the company's ongoing investment strategy in the retail sector.
On the Map
$5,600,000
$253/SF
Retail
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Players
Rogersville 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93