Victory Real Estate Investments Acquires Retail Property In Mobile, AL For $7.4M
6300 Grelot Road
$7,400,000
$97/SF
Building Size
76,000 SF
Asset Type
Retail
Closing
Oct 13, 2022
About this deal
AI
A retail property located at 6300 Grelot Road in Mobile, AL has been sold for a total of $7,400,000. The property spans approximately 76,000 square feet, resulting in a price per square foot of $97. The transaction took place on October 13, 2022, and involved Victory Real Estate Investments as the buyer and Charles Lin as the seller.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,400,000
- Address: 6300 Grelot Road, Mobile, AL
- Market: Mobile, AL
The deal was facilitated by brokers Jacob Baruch and Max Yardeni from Legacy Realty Group Advisors, who represented the parties involved in the transaction.
On the Map
$7,400,000
$97/SF
Retail
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Players
Mobile 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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93