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
About this deal
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.
The retail sale at 398 Cox Creek Parkway, Florence, Alabama 35630, United States in Florence, Alabama sold for $24M in 2022. The building is 142,044 square feet, implying about 169 per square foot on the published price. Mark Joines, Drew Fleming, Newmark appear on the sale alongside Newmark. This page is the Florence, Alabama file for the 398 Cox Creek Parkway, Florence, Alabama 35630, United States retail sold: pricing, party profiles, and other closed retail comps from the same Florence sit in the Market section below. Filter that Florence retail set by closing date to see what else sold near 398 Cox Creek Parkway, Florence, Alabama 35630, United States around 2022. Published consideration for 398 Cox Creek Parkway, Florence, Alabama 35630, United States is $24M, dated 2022. Cite this Newmark Brokers Mark Joines & Drew Fleming Sell Retail Property In Florence, AL For $24M sale when underwriting similar retail product around Florence, Alabama.
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