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.
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