Coro Realty & PGM Properties Sells Retail Property In Muscle Shoals, AL For $13M
501 W 6th St, Muscle Shoals, Alabama 35661, United States
$13,000,000
$221/SF
Building Size
58,760 SF
Asset Type
Retail
Closing
Jul 12, 2022
AI
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.
Players
Muscle Shoals Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93