FrostPoint Capital Acquires Lake Crest Plaza Retail Center In Hoover For $5.6M

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.