Marcus & Millichap Brokers $2.4M Sale Of Talladega Shopping Center In Alabama
803 East Battle Street
$2,400,000
$50/SF
Building Size
47,437 SF
Asset Type
Retail
Closing
Aug 18, 2025
AI
The property asset involved in this transaction is a retail property located at 803 East Battle Street in Talladega, AL. The sale occurred on August 18, 2025, with a transaction amount of $2,400,000. The property encompasses 47,437 square feet and was sold at a price per square foot of $51. Built in 1981, this retail center occupies 3.6 acres and was 88% leased at the time of sale, with notable tenants including Citi Trends and Standard Furniture.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,400,000
- Square Footage: 47,437
- Address: 803 East Battle Street
- Market: Talladega, AL
- Price per Square Foot: $51
- Year Built: 1981
- Leased Percentage at Sale: 88%
- Anchoring Tenants: Citi Trends, Standard Furniture
- Other Tenants: Regional Finance, AT&T
- Brokers: Eric Abbott and Zachary Taylor - Marcus & Millichap
Eric Abbott and Zachary Taylor from Marcus & Millichap represented the seller in this transaction, facilitating the sale of the Talladega Shopping Center. This center, located on a 3.6-acre lot, includes a mix of national and regional tenants contributing to its occupancy rate at the time of sale.
Players
Talladega 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93