Coro Realty & PGM Properties Sells Retail Property In Muscle Shoals, AL For $13M
SOLD
$13,000,000
Alabama
See Similar DealsRetail58,760 SF
Sold 07/13/2022
SOLD
Coro Realty & PGM Properties Sells Retail Property In Muscle Shoals, AL For $13M
501 W 6th St, Muscle Shoals, Alabama 35661, United States
See Similar DealsRetail58,760 SF
Sold 07/13/2022
Summary
ALABAMA
Asset Type:Retail
Price Per Square Foot:$221
Total Square Footage:58,760 SF
Transaction Type:Sale
The retail property located at 501 W 6th St in Muscle Shoals, AL, has been sold for a total price of $13,000,000. The property spans 58,760 square feet, resulting in a price per square foot of $221.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,000,000
- Square Footage: 58,760
- Price per Square Foot: $221
- Seller: Coro Realty & PGM Properties
- Broker: Fred Victor - Transwestern
Fred Victor, representing Transwestern, facilitated the sale of the retail property at 501 W 6th St in Muscle Shoals, AL. The transaction involved the seller, Coro Realty & PGM Properties, and resulted in a successful deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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