Marcus & Millichap Brokers $23.1 Million Sale Of Retail Center In Alexander City Alabama

The property asset involved in this transaction is a retail shopping center located at 4812 US Route 280 in Alexander City, Alabama. The asset, known as The Gateway at Lake Martin, encompasses 22 acres and features a total square footage of 93,352. The sale price for this retail property was $23,100,000, representing a price per square foot of $247.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $23,100,000
• Address: 4812 US Route 280
• Market: Alexander City, AL
• Acres: 22
• Square Footage: 93,352
• Price Per Square Foot: $247

The transaction was brokered by Institutional Property Advisors, which facilitated the sale of the previously mentioned shopping center. The brokers involved in the deal were Zachary Taylor, Robby Pfeiffer, and Eric Abbott from Marcus & Millichap.