McConnell-White-Terry Realty Acquires Retail Property In Birmingham For $1.5M
321 Citation Court Birmingham, Alabama 35211, Usa
$1,500,000
$50/SF
Building Size
30,000 SF
Asset Type
Retail
Closing
May 31, 2023
About this deal
AI
The retail property located at 321 Citation Court in Birmingham, AL was recently sold in a transaction. The property spans a total area of 30,000 square feet and was sold at a price of $1,500,000, resulting in a per square foot price of $50.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,500,000
- Address: 321 Citation Court, Birmingham, AL
- Market: Birmingham, AL
- Buyer: McConnell-White-Terry Realty & Insurance Co. Inc
- Seller: Edwards Properties Inc
- Square Footage: 30,000
- Price Per Square Foot: $50
The buyer of the property was McConnell-White-Terry Realty & Insurance Co. Inc, while the seller was Edwards Properties Inc.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93