SOLDRetail
Newmark Brokers Mark Joines & Drew Fleming Sell Retail Property In Florence, AL For $24M
398 Cox Creek Parkway, Florence, Alabama 35630, United States
$24,000,000
$169/SF
Building Size
142,044 SF
Asset Type
Retail
Closing
Sep 15, 2022
AI
The retail property located at 374-398 Cox Creek Parkway in Florence, AL has been sold for $24,000,000. The property spans across 142,044 square feet, resulting in a price per square foot of $169.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $24,000,000
- Square Footage: 142,044
- Price per Square Foot: $169
- Address: 374-398 Cox Creek Parkway, Florence, AL
- Market: Florence, AL
The sale of this retail property was facilitated by Mark Joines & Drew Fleming, representing Newmark.
Players
Florence 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93